Don’t waste your time – keep track of how NFP affects the US dollar!

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AUD/USD: at the strategic 0.7000

AUD/USD: at the strategic 0.7000

Information is not investment advice

Monday saw a halt to risky moods reigning in Forex since last week. Tuesday saw the reinstatement of the USD's power. Today, the USD is shaking again, and the AUD is back at 0.7000. Very likely, the currency pair will get up to the local resistance of 0.7030 during the day before we hear what the Federal Reserve has to say. That announcement will either make the AUD/USD break through this local resistance or bounce downwards. So watch the FOMC monetary policy statement!


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NFP Number Will Drive Markets

US stocks are set to open lower Friday, with investors worry over rising tensions between the US and China, deadlock over the next virus relief bill and possible disappointments from the key monthly employment report.

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