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13 March 2018

Forex Technical analysis

AUDUSD Fundamental Analysis

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Another month of rising inflation will almost assuredly compel the Federal Reserve to continue raising interest rates sooner rather than later. How does this impact AUDUSD? This 13 March AUDUSD Fundamental Analysis has all the answers you need.

13 March, OctaFX – The Fed is scheduled to hold its next policy meeting on 20-21 March, where officials are widely expected to raise rates for the first time since December. The March policy statement will be delivered alongside quarterly economic projections covering GDP, unemployment and inflation.

Energy traders will also keep tabs on weekly inventory data courtesy of the American Petroleum Institute (API). The API report will be released at 20:30 GMT.

13 March AUDUSD Fundamental Analysis

The Australian dollar edged slightly higher on Tuesday following stronger than expected business data. However, gains remain capped ahead of headline CPI data out of Washington. At the time of writing, the AUD/USD exchange rate was up 0.1% at 0.7882. Immediate support is located around the 0.7820 level. Prices are coming up on an important resistance band near the psychological 0.7900 level.

13 March AUDUSD Fundamental Analysis

Disclaimer

This article about 13 March AUDUSD Fundamental Analysis was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Also, speculative trading is a challenging prospect, even to those with market experience and an understanding of the risks involved.

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