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Last Updated Date: 17 March 2021 @ 11:08 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar maintained a strong tone in early European trading Wednesday, as traders looked forward to the conclusion of the two-day Federal Reserve meeting for guidance on future monetary policies.

The AUDUSD market is showing a bear downturn and potential for a selling wave to 0.7634 as well as potential to 0.7577. A drop through 70.7630 will foster continuation selloffs today. Any congestion under yesterday’s range high will keep the market setup in a bear flag. Trade must post a close over 0.7850 to reverse out of the current downturn.


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