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Australian Dollar / U.S. Dollar
Short
Aug 31, 2024
AUSSIE DOLLAR THESIS
5
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Grab this chart
So there is nothing fancy with this instrument.
It's clear that we going to go short.
However further confirmation is necessary.
The reason being is that there has been recent strength in the Australian dollar.
How long will the bulls last?
At this point it looks clear that major investors are pulling out as we have reached an overbought market.
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