AUD/USD Weekly Price Forecast – The Aussie Continues to Build a Base
The Australian dollar has rallied a bit during the trading week, as we continue to see a lot of noise right around the 0.7000 level. If we can get above the 50-Week EMA, then it’s possible that we could get looking to the 200-Week EMA, which sits near the 0.7300 level and dropping.
We would need to see the Federal Reserve change its overall tune, so keep monitoring!
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