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AUD/USD Forecast September 7, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 07 September 2016 04:23 UTC
The AUD/USD pair broke higher during the course of the session on Tuesday, slamming into the 0.7675 handle. This is an area that was pretty big resistance, and now that we get an interest-rate announcement coming out of the Reserve Bank of Australia today, we could get more reason to think that this market goes higher. On the other hand though, and exhaustive candle just above could be a selling opportunity as well. Expect a lot of volatility, but it should be noted that the New Zealand dollar has broken out, and it makes sense that the Australian dollar very well could follow.

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