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  • Do join me if you can by clicking on the link below in 10' time. As usual, I'll be looking at all the major charts, at the confidence indicators on the calendar and at the @IGcom client sentiment data https://t.co/zv4JEw9uDY
  • OECD GDP Estimates - Global Growth: 2021 5.6% (+1.4ppts), 2022 4% (+0.3ppts) - US: 2021 6.5% (+3.3ppts), 2022 4% (+0.5ppts) - China: 2021 7.8% (-0.2ppts), 2022 4.9% (Unch) - EU 2021 3.9% (+0.3ppts), 2022 3.8% (+0.5ppts) - UK: 2021 5.1% (+0.9ppts), 2022 4.7% (+0.6ppts)
  • 💶 GDP Growth Rate YoY 3rd Est (Q4) Actual: -4.9% Expected: -5% Previous: -4.3% https://www.dailyfx.com/economic-calendar#2021-03-09
  • 💶 GDP Growth Rate QoQ 3rd Est (Q4) Actual: -0.7% Expected: -0.6% Previous: 12.4% https://www.dailyfx.com/economic-calendar#2021-03-09
  • Heads Up:💶 GDP Growth Rate YoY 3rd Est (Q4) due at 10:00 GMT (15min) Expected: -5% Previous: -4.3% https://www.dailyfx.com/economic-calendar#2021-03-09
  • Heads Up:💶 GDP Growth Rate QoQ 3rd Est (Q4) due at 10:00 GMT (15min) Expected: -0.6% Previous: 12.4% https://www.dailyfx.com/economic-calendar#2021-03-09
  • 🇿🇦 GDP Growth Rate QoQ (Q4) Actual: 6.3% Expected: 5% Previous: 67.3% https://www.dailyfx.com/economic-calendar#2021-03-09
  • 🇿🇦 GDP Growth Rate YoY (Q4) Actual: -4.1% Expected: -4.6% Previous: -6.2% https://www.dailyfx.com/economic-calendar#2021-03-09
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EUR/AUD

EUR/AUD

Thomas Long, Course Instructor

This daily chart shows a series of lower highs and lower lows which defines a downtrend. Last Friday, this pair printed a new 13-year low. It doesn't get much better than this when looking for a currency pair to trade. I would continue to look for selling opportunities in this pair as long as the market stays below the 1.53291 buy side high of February 25th.
 

euraud 030810

 

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