AUD/USD Forecast: Aussie Dollar Recovers After Initial Plunge

  • The AUD/USD currency pair fell a bit Wednesday to break down below the lows of the previous candle, showing that perhaps there is still plenty of downward pressure.
  • However, we have turned around in the middle of the day and have seen the market try to recover completely.
  • The 50-day EMA sits just above, and of course, causes a certain amount of noise.

Steve Walker

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