Aussie dollar testing critical resistance level prior to FOMC meeting minute

The green bucks have been facing intensive bearish pressure in the global market after Mr. Trump become the newly elected president in the U.S economy. Though the dollar index surged up to its 14 years high in the global market, the extreme level of negative consumer sentiment due to commitment failure of Mr. Trump regarding fiscal the increment of fiscal spending pushed the dollar lower in the market. On the contrary, the economic performance of the Australian economy was much more stable and the investors made a decent profit by entering long in the AUDUSD pair. Though the overall long term trend is still bearish the medium term uptrend created some unique opportunity for the traders to make some safe bucks in the market.

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