Technical Analysis
AUDUSD Llikely Forming a Head and Shoulder Pattern; Sell on Confirmed Breakdown!
Today we are going to take a look at AUDUSD, also known as the Aussie. Technically as we can see in the daily chart, a head and shoulder pattern has formed. Head and Shoulder patterns are bearish patterns where prices tried to make high's 3 times but failed to make new high's on the 3rd attempt.
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Fundamental Analysis
Fed Minutes Show Tapering is Likely Under Way
The Federal Reserve looks set to move sooner rather than later to taper back its bond buying, once more surprising markets that have been repeatedly confused about when the Fed will begin to step back from its extraordinary easing policy.
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