We expect this pair to continue on its bearish run, triggered in the middle of 2015 by widely held traders view of a US dollar rates increase. Once this rumour subsides, we expect the Aussie dollar to bounce back
Note
We've changed our bias from Neutral to bullish, the momentum is now on Aussiedollar AUDUSD. NFP might change this bias.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.