AUDUSD - Long Despite Pullback

Feb 28, 2021

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AUDUSD - Long Despite Pullback by KQMarkets on TradingView.com

Commentary

AUDUSD has pulled back since hitting the 0.8 psychological level, as US yields rose significantly last week leading the US dollar to strengthen.

We still hold a long view whilst the currency pair is above support at 0.754 as we await the RBA rate decision and AUD GDP growth rate data next week.

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