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Analyzing AUD/USD.

AUD
Australian economy is showing pick up in GDP growth on back of rising optimism around corporate investments. Household consumption is subdued for the time being but is expected to pick up gradually in coming quarters which should provide the boost to the economy further. Inflation is still below the target of 2 % which gives Reserve Bank Australia the headroom to keep the interest rates low thus improving the access to cheaper credit to investors and consumers.
USD
US economy is in very good…
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AUD/USD rally to continue.

AUD:
In Australia the Reserve Bank of Australia is expecting the Australian economy to grow at an annual rate of around 3 percent over the next couple of years and inflation is estimated to pick up gradually as the economy strengthens. Employment growth has been stronger over recent months, and has increased in all states. The unemployment rate is expected to decline a little over the next couple of years.
USD:
US GDP Growth rose to 2.6 % (YoY) in second quarter of 2017 which marks a robust impr…
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Predicting AUD/USD

AUD
In recent meeting held on 4th July RBA though kept interest rates unchanged but gave much more positive indications about growth in economy. Governor Lowe said, business investments have picked up, employment growth has become stronger, though Wage growth remains low, however, and this is likely to continue for a while yet. Inflation is expected to increase gradually as the economy strengthens. The various forward-looking indicators point to continued growth in employment over the period ahe…
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National Australia Bank's Business Confidence is likely to come at 7 this month which will give much more positive indications about growth in economy. As per recent National Australia Bank's Business Confidence data inflation is expected to rise gradually, business investments is picking up, employment growth has become stronger, though labor hours remains week. The various forward-looking indicators point to continued growth in employment over the period ahead. Economic growth is still expected to increase gradually over the next couple of years to a little above 3%.

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AUD/USD Analysis.

The Australian economy is continuing its transition following the end of the mining investment boom, expanding by around 2½ per cent in 2016. Exports have risen strongly and non-mining business investment has risen over the past year. Most measures of business and consumer confidence are at, or above, average. Consumption growth was stronger towards the end of the year, although growth in household income remains low.
On the US dollar front there is a feeling that the economy is not as strong as…
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AUD/USD MAY CONSOLIDATE.

AUD/USD is in downtrend and reached support level.
TARGET: 15.301
TOOLS USED: ICHIMOKU, TREND, PRICE ACTION EMA CROSSOVER, LONGER TERM SUPPORT
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
MONTHLY CHART:
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