AUD/USD: What cannot go up must come down? Critical 7 days for A$

AUD/USD: What cannot go up must come down? Critical 7

The Australian dollar had positive prospects and some solid data but was not able to advance above resistance. Is it vulnerable to falls now? A lot depends on the RBA decision and the accompanying statement, and before this event, we face a string of top-tier data not only from Australia but also from China. We examine the big events as well as AUD/USD support and resistance lines.

Special video about a busy week for the A$:

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile

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