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US Dollar Analysis: EUR/USD, AUD/USD, NZD/USD Outlook
EUR/USD appears to be climbing along a newly-sprouted, modest uptrend since late July after jumping above the older slope of appreciation dating back to mid-May. The intersection of the two – labelled as “Key Juncture 2” may be critical. Breaking below that could result in a short-term pullback, followed by a brief congestive period before the broader uptrend resumes. chart AUD/USD was firmly rejected at the December 2018 swing-high at 0.7393, and was met with aggressive follow-through. Worse-than-expected Australia GDP data compounded AUD losses. Looking ahead, the pair will likely retest short-lived, former ... (full story)