Forecast for Australian Dollar – Soybeans – Yen

Australian Dollar The Australian Dollar has been trying to break out above the 1.0550 level for the past few weeks but has been unable to gain any momentum. Finally the market broke to the downside and the sellers took over. Since the middle of last week the market has had 3 consecutive strong down days. Looking at a longer term chart of this market for the past 2 years the Aussie Dollar has traded between 1.08 and .9500. On this last attempt to make a push to 1.08 the market failed just above

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