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AUDUSD Technical Analysis - The bearish bias remains

Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected. Nevertheless, the unemployment rate fell once again and lessened the disappointment from the miss in the payrolls number. The worse part for the Fed is that the average hourly earnings beat expectations, and such high wage growth is not consistent with a sustainable return to... Read More

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Content Topics

Audusd

Technical

Analysis

Bearish

Bias

Remains

Forex

Posted: Aug 8 2023, 10:05

Author Name: forexlive

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