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AUD/USD Forecast: Comfortable Above 0.7700, But Additional Gains Are Still Unclear

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Australian NAB’s Business Confidence improved to 10 in January from 5.
The poor performance of equities put a limit to AUD/USD appreciation.
AUD/USD is comfortable above 0.7700, but additional gains are still unclear.
The AUD/USD pair advanced for a third consecutive day, reaching 0.7735 and retaining most of its intraday gains ahead of the close. The pair surged at the beginning of the day, unable to extend its advance, as the poor performance of equities offset the broad greenback’s weakness.
Data wise, Australian data was mixed. January NAB’s Business Confidence improved to 10 from 5, beating expectations. NAB’s Business Conditions in the same period, however, contracted to 14 to 7. Early on Wednesday, the country will release February Westpac Consumer Confidence, foreseen at -3% from -4.5% in the previous month. ....

February Westpac Consumer Confidence , Term Technical , பிப்ரவரி வெஸ்ட்பேக் நுகர்வோர் நம்பிக்கை , கால தொழில்நுட்ப ,

AUD/USD Weekly Forecast: Resilient Australian economy to keep providing support to the AUD

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2/5/2021 3:42:14 PM GMT
The RBA maintained the cash rate at record lows, expanded quantitative easing.
Hopes for a fresh stimulus package in the US maintained markets optimistic.
AUD/USD could extend its decline, but losses likely to be moderated.
It was a dull week for AUD/USD in terms of price action, as, after gapping lower at the opening, it is closing it unchanged in the 0.7610 price zone. The greenback was the clear weekly winner, appreciating sharply against most of its major rivals. Aussie’s declines were limited by the equities positive momentum, as Wall Street flirted with record highs. ....

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