My previous signal on 22nd September was not triggered, as none of the key levels which I had identified were reached that day.
AUD/USD currency pair
This was a good call for the day, but not for the longer-term, as we saw the price continue to fall strongly over the following days, reaching new multi-year lows.the price has bounced back since the start of last week when the US Dollar peaked, and began to reverse against almost every other currencyA few hours ago the Reserve Bank of Australia surprised markets by hiking its interest rate by only 0.25% to 2.60% when a hike of 0.50% had been widely expected.
We have seen most major stock markets strengthen over the past day on improving risk sentiment, and this is likely to boost the Australian Dollar.
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