AUDUSD 03 11 2020
The RBA has cut interest rates to a record low of 0.1 basis points and is looking to drive the AUDUSD lower. I will wait for a break of 0.70 for a potential entry on the back of a stronger US dollar, if we see that post presidential election. My prediction is that there will be heightened uncertainty is Donald Trump doesn’t concede the Presidency if Biden wins the election and therefore causes a great deal of market volatility and selling in the S&P500 driving the US dollar higher.
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