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KQMarkets
Feb 14, 2020 12:23 PM

AUDUSD - Still Short Downside Potential Short

Australian Dollar/U.S. DollarFXCM

Description

We still see AUSUSD moving lower and falling below 0.67 mainly due to the fears of the impact of the spread of the coronavirus on the Chinese and global economy. Additionally, the US dollar has strengthened across the board on the back of relatively strong US data and Powell in his testimony to congress indicating it is less likely that there will be rate cuts this year.
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