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Andy_D
May 4, 2023 6:50 PM

AUD looks bullish longer term vs the weaking US dollar. Long

Australian Dollar/U.S. DollarFXCM

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Looks like AUD is reacting off the golden pocket retracement, weaking DXY should lead to stronger currency pairs, including.

Once downtrend channel is broken, it'll confirm bullishness.

Divergence on Average Oscillator seemed to have played out to a decent bounce.. but rejected off resistance, and formed a higher low (march 2020 covid crash formed the lower low.. I think AUD strengthens against the greenback over the coming year or two.

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