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Barchart
Barchart
Jim Wyckoff

Why You Should Sell the Australian Dollar Here

United States Australian Dollar

December Australian dollar (A6Z26) futures present a selling opportunity on more price weakness.

See on the daily bar chart for the December Aussie dollar futures that prices are trending down and have just hit a two-month low. 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 is below the red trigger line and both lines are trending down.

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