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AUDUSD – Aussie Dollar Holding Crucial Support Vs US Dollar

Key Points

  • The Aussie Dollar corrected lower from the 0.7890 swing high against the US Dollar.
  • There is a major bullish trend line forming with support at 0.7835 on the hourly chart of AUDUSD.
  • Today in Australia, the Westpac Leading Read More →

NZD/USD: Flows Point To Downside Risk S/T On Strong Real Money Selling – BofAML

Bank of America Merrill Lynch FX Strategy Research notes that its latest proprietary flows show officials selling the USD again last week, after having stopped the two weeks before.

In addition, BofAML notes that its flows suggest more downside Read More →

USD remains supported; Euro eyes Draghi speach

Speculation that the changing of the guard at the Fed will lead to a more hawkish chief has continued to lend support to the greenback that closed higher on Tuesday. Markets are expecting an announcement to be made before early Read More →

USD/JPY: In Consolidation Mode; Where To Target? – ING

ING FX Strategy Research thinks that USD/JPY looks to remain in consolidation mode ahead of Japan's snap election.

"Focus on the 22 Oct Japanese elections may narrow and a be a JPY factor to consider, though the latest polls Read More →

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