Our Forex Buy/Sell Trading Signals recently forecast Australian dollar losses against the US dollar, as our Breakout and Momentum trading strategies signal that the AUDUSD may continue to fall through near-term trade. Such a trade idea is consistent with the Australian dollar’s overwhelmingly bearish trend, and it seems that the combination of difficult financial market conditions and bearish developments out of the New Zealand economy will continue to keep the high-yielding AUDUSD under pressure through near-term trade. Indeed, the US Dow Jones Industrials Average looks to trade lower through near-term equity trading—likely to put similar selling pressure on the high-yielding Australian Dollar.
[B]US Dow Jones Industrials Average[/B]
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