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Australian Dollar Forecast: AUD/USD Bears Stall at Support
The Australian Dollar is poised for a fourth consecutive weekly decline with AUD/USD slipping below the 52-week moving average. The bears have taken back the entire December rally with price now trading just above a key technical support pivot- battle lines drawn heading into the close of the month with the Fed interest rate decision and Non-Farm Payrolls (NFP) on tap next week. These are the updated targets and invalidation levels that matter on the AUD/USD weekly technical chart heading into February. chart Technical Outlook: In my last Australian Dollar Technical Forecast we noted that AUD/USD was, “trading ... (full story)