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Aussie to Slide Making New Lows

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Australia
’s dollar will fall to a six-month low should it drop past a key technical level as bets the Federal Reserve will raise interest rates next year boost demand for the greenback, according to IG Group Holdings Plc.
The Aussie will probably drop to 90 U.S. cents if it closes below 92 cents for the first time since March, said Chris Weston, chief market strategist in Melbourne at IG Australia, a unit of IG Group. The currency traded below its 200-day moving average today for the first…
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Aussie Double Bottom Signal New Highs in the Horizon

Hello Traders,
We all know that making informed decisions with a solid game plan is necessary to be successful in trading. In this blog I will share my outlook and the rules I follow to make informed trades related to Forex, Commodities, and Equities. Yes, I know that Dukascopy is primarily focused on Forex but in my opinion the other markets have an huge effect on Forex as well.
So my friends I hope you enough my blog, and feel free to add a comment or friend request. All are welcome. As always…
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EUR / AUD OUTLOOK

One of the first things that most new traders learn is that currency values fluctuate based on a country’s interest rates, or more accurately, interest rate expectations.
While there are many other factors in play, a trader who can determine the path of global central bank interest rates is in a good position to predict the longer-term path of the underlying currencies. As any experienced trader knows, markets are rapidly evolving and rarely stick to a simple, straightforward narrative for long,…
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