It is important to have a strong economy to support the local currency. However, this alone will not be enough to create an upward trend. It is important to have a foreign background that favors AUDUSD. Let’s discuss the topic and develop a trading plan.
Weekly Australian Dollar Fundamental Analysis
Australian dollar buyers lost faith in China, commodities, and global risk appetite. Investors were stunned by the unexpected rise in cash rates and strong domestic statistics. This has been enough for the price to consolidate above the level of 0.67, from which I suggested entering the AUDUSD… Read full author’s opinion and review in blog of #LiteFinance
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