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Barchart
Barchart
Jim Wyckoff

The Trend Is the Aussie Dollar Bulls’ Friend

United States Australian Dollar Australia

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 last week hit an eight-month high. The bulls have the firm overall near-term technical advantage as “the trend is their friend.” Price trend is the most powerful technical indicator.

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