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AUD/USD stages powerful rally

Accordingly to the 1-hour MACD, the runaway AUD/USD market has reached its highest intraday momentum of the last month of trading.

 

Caution is advised not to trade into a buying climax as a torrent of selling could very well ensue. This could take the form of short-term profit taking or long-term sellers joining the market. The just printed hourly MACD value shows less acceleration, an early sign of a possible plunge in AUD/USD price action.

Check the website for more information: https://freshforex.com/analitics/news/all/finnews_1420342.html

 

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