ONTRADE Forex

Australian Dollar Price Forecast: Beware of the 200-day SMA

Australian Dollar Price Forecast: Beware of the 200-day SMA
The Aussie Dollar keeps waiting for a fresh catalyst to resume its march north, which kicked in in late March. Meanwhile, dynamics around the US Dollar and geopolitics seem to have been too much for the Aussie, prompting a correction in AUD/USD to the boundaries of the 0.7000 contention zone.

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