Australian Dollar Likely Set Important Price Top
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Trade Implications – AUDUSD: Last week we noted that a shift in crowd sentiment left retail FX traders long the AUD as it traded off of key peaks, and indeed that acted as confirmation that the pair may have topped near $0.9500. We’re watching these technical setups for potential trade opportunities going forward.
See next currency section: GOLD - Gold Prices Target Yearly Highs Near $1390
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.