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The Australian Dollar Is On the Cusp of a Breakout On Charts but 2020 Outlook Uncertain
The Australian Dollar is on the cusp of a breakout to the upside on the charts, according to some analysts, although the outlook for the antipodean unit next year is cloaked in a shroud of uncertainty. Australia's Dollar is still on course to record narrow losses against the U.S. Dollar and Pound for 2019 but it's called a halt to simultaneous advances by the British and American currencies in recent weeks, which has led some to suggest the antipodean unit could be nearing a turning point. The Aussie is still down 14% relative to the U.S. Dollar since January 2018 when it traded around 0.81 although the Tuesday ... (full story)