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AUDUSD 2017-03-12



The market now awaits the FOMC to establish the direction of the US Dollar; and with three possible scenarios the AUDUSD can either;

1) With no rate rise in March the AUDUSD will retest 0.7700 resistance.
2) Rate rise with two more rises anticipated for 2017 the AUDUSD will correct to 0.7400 level before extending again to the 0.7500 - 0.7600 level.

3) Rate rise with three more rises anticipated for 2017 the AUDUSD will correct to 0.7300 level before extending again.
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