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AUD/USD forecast for the week of September 18, 2017, Technical Analysis

By: 
Christopher Lewis
AUD/USD weekly chart, September 18, 2017

After a very difficult week, the Australian dollar bounced above the 0.80 level again. Because of this, I think it’s only a matter of time before we

After a very difficult week, the Australian dollar bounced above the 0.80 level again. Because of this, I think it’s only a matter of time before we continue to the upward momentum, and break out to the upside for a large move. The market has been very choppy as of late, but the 0.0 level is vital on the charts going back decades. A lot of noise would be expected here. If we could get a little bit of a help from the gold market, that could only turbocharge this currency higher.

AUD/USD Video 18.9.17

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About the Author

Christopher LewisSenior Analyst

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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