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Australian Dollar Traders to Take Cues from RBA, US-China Trade News

From dailyfx.com

AUD/USD gaps higher to kick off the last full week of November, but fresh comments coming out of the Reserve Bank of Australia (RBA) may drag on the exchange rate as the central bank keeps the door open to implement lower interest rates. AUD/USD carves a fresh series of lower highs and lows despite renewed hopes for a US-China trade deal, and the Australian Dollar may continue to give back the rebound from the monthly low (1.0989) as RBA officials are scheduled to speak over the coming days. RBA Deputy Governor Guy Debelle and Governor Philip Lowe are likely to endorse a dovish forward guidance as the board remains ... (full story)

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  • Category: Technical Analysis