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AUD/USD Vulnerable amid Struggle to Test January High
AUD/USD clears the July high (0.6799) as the update to Australia’s Consumer Price Index (CPI) shows a higher-than-expected print, but lack of momentum to test the January high (0.6839) may keep the Relative Strength Index (RSI) out of overbought territory. AUD/USD Vulnerable amid Struggle to Test January High AUD/USD may stage additional attempts to breakout of the range bound price action from earlier this week as it registers a fresh monthly high (0.6813), and Australia’s Retail Sales report may also influence the exchange rate as household spending is expected to increase for the fourth consecutive month. ... (full story)
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- Posted: Aug 28, 2024 6:05pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 4,455
