AUD/USD Weekly Outlook Suggests Potential Low After Recent Gains
The AUD/USD currency pair has managed to recover from its recent declines sparked by the US elections. After showing resilience against the robust USD, it appears that a crucial swing low may have been established. Futures data indicates a rise in trading volumes, marking the first increase in seven weeks, which further supports this outlook. This week could prove vital for traders observing for further signs of recovery or a potential shift in trends. Investors should monitor supply and demand dynamics in the forex market as they can significantly impact this currency pair’s future trajectory.
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