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AUDUSD Technical Analysis

On the daily chart below, we can see that the ADUUSD pair has finally broken out of the 3-month long range it’s been stuck in since the Silicon Valley Bank collapse. The big USD strength came from stronger than expected US economic data that made the market to reprice interest rates expectations on the hawkish side. There’s a feeling that the Fed may need to get to 6% FFR before really pausing as the data has shown data that the economy is not weak enough to bring inflation back to the 2% target... Read More

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Audusd

Technical

Analysis

Forex

Posted: May 30 2023, 10:41

Author Name: forexlive

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