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AUDUSD trades to the bottom stage since November 4, 2020
The AUDUSD moved to the bottom stage since November 4, 2020 and within the course of, approached the 38.2% of the transfer up from the March 2020 low (not proven). That retracement is available in at 0.70525. The low worth reached 0.7062 and moved greater.
The transfer greater has been helped by a slowing of the US inventory decline submit the Fed Chair testimony. The low for the Dow reached -679 factors. The index is at present down -479 factors. The Nasdaq index fell -331.50 factors however is now down -194.50 factors.
The value rise has taken the worth again above the swing low from August (previous low for the yr) at 0.71057. That low noticed patrons in opposition to it on Friday (low reached 0.7106). If the worth can keep above that stage, the subsequent goal could be close to the the excessive for the day and the swing low from September at 0.71684.
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