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FXA is quite oversold. It should pullback now.
Invesco CurrencyShares Australian Dollar Trust
(
BATS:FXA
)
Night_Trader
Essential
BATS:FXA
Invesco CurrencyShares Australian Dollar Trust
1
1
I think we are very much oversold at this point.
The AUDUSD completed a measured move
and formed a hammer candle. The doji in FXA
at the 886 extension is not that strong, but I think
we could see a nice retracement rally from here
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