AUDUSD, Daily
AUDUSD remains under pressure as the AUD remains vulnerable to the global commodities prices and the high demand for the U.S. Dollar, in the wake of the recent U.S. interest rate hike. Technically, I have been calling for the AUDUSD to drop in my recent reports. Since price has made a clean break of the 0.7080 key support; this has opened up the prospects for a long term downtrend to take shape for a medium term price target near the 0.7070’s
Janne Muta
Chief Market Analyst
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About Janne Muta, HotForex’s Chief Market Analyst
Janne Muta is a seasoned industry professional with over 16 years experience in the global markets. Originally from Finland, Janne has worked for institutions in both Helsinki and London as an institutional fund manager, global market analyst and FX educator.
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