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AUD/USD: ABCD and Gartley Patterns Emerge
Technical aspect of the AUD/USD is pointing for the pair to rally in the near term future. Currently we have the following scenario, risk appetite is on despite overwhelming pressures. With risk taking the market by the hand, we of course are positive on the riskier currencies. The better performer for a considerable amount of time was the Aussie. Given their healthy interest rate of 4.50%, the currency is a poster child for upper movement. Carry trade does not get too much attention these days, however, investing in the Aussie will hold true when markets are no longer in risk aversion mentality.
