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Aussie Dollar Update

Posted In Stock market Education

Aussie Dollar Update

Hey traders,

Today I’m going to cover the Aussie Dollar chart.

In video below , you see that looking at the 60 minute chart on the Aussie dollar that we have just been goes side ways for a  couple of days.

Aussie Dollar Looking Weak

Aussie DollarBut when I started to have a  closer look, I noticed that there is a nice support and resistance line around the 0.9100 level.

This is when the Aussie dollar started to look weaker then it has before.

You will see that the dollar bounced of that level as support a number as of times before breaking through and coming back up to test it now as resistance and what happened when it hit this level?

The Aussie Dollar Start A New Down Trend

Ever since the Aussie dollar broke that 0.9100 level it has been looking really weak and now it shows me that the Sellers are more keen to take this down then they have been in the recent past.

Here Is The Video Review

So there you have it.

This is what I see when view this chart and market.

Let me know your thoughts are buy leaving a comment below.

Thanks for reading and watching this Aussie dollar update.

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