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AUD/USD Technical Analysis
The Australian dollar has rallied a bit during the trading session on Monday, but really at this point in time, the market is testing the 50 day EMA, and it doesn’t seem like it’s ready to break above there. Even if it does, we would still very much be trading in the middle of the same range that we’ve been in for a while between the 0.64 level above and the 0.62 level underneath. Quite frankly, the Australian dollar is one of my least favorite major currencies against the greenback. And you can see why based on the first three months of the year, just simply going nowhere.
