AUDUSD Technical Analysis – The market awaits the US election result ...Middle East

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Fundamental OverviewThe US Dollar started the week on the backfoot as the odds of a Harris victory jumped higher leading to a pullback in the Trump’s trades. Everything hinges on the US election now with a red sweep seen as the most bullish scenario for the greenback, while a blue sweep as the most bearish. The price action will likely be choppy until we start to get a better sense of who’s going to win, so the best strategy would be to wait for the results, because the trend that will be set will likely last for months anyway. On the AUD side, the RBA kept the cash rate unchanged today as expected but lowered growth and inflation forecasts slightly. This is just another subtle change toward

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AUDUSD Technical Analysis – The market awaits the US election result ...Middle East

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