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Barchart
Barchart
Jim Wyckoff

Play Weakness in Australia’s Economy with Today’s Top Commodity Trade

United States Economy Australian Dollar

December Australian dollar futures (A6Z25) present a selling opportunity on more price weakness.

See on the daily bar chart for the December Australian dollar futures that prices have started to trend down. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish posture as the blue MACD line has just crossed below the red trigger line.

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