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Barchart
Barchart
Jim Wyckoff

A Solid Economy Is Creating a Buying Opportunity in September Australian Dollar Futures

September Australian dollar futures (A6U25) present a buying opportunity on more price strength. 

See on the daily bar chart for the September Australian dollar futures that prices are trending higher and have just hit a five-month high. The bulls have the firm near-term technical advantage to suggest more price upside in the near term. Remember that price trends in the currency markets tend to be stronger and longer lasting than price trends in other markets.

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