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maxecon
Mar 10, 2018 4:00 AM

AUDUSD: Gain from US Current Account deficit widening Long

FX:AUDUSD1D
Australian Dollar/U.S. DollarFXCM

Description

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A US current account deficit means an economy is funded externally. The key point is that the funding needs of the US are only accelerating. AUD/USD turns from key support pivot- rebound testing initial resistance.
Trend AnalysisAUDUSDaudusdlong
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