Aussie Dollar on a Winning Streak 🚀🇦🇺

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Aussie Dollar on a Winning Streak 🚀🇦🇺


The Australian dollar is set for its best week since April, fueled by weaker U.S. economic data and rising bets on Fed rate cuts. Traders are turning bullish as AUD breaks key resistance levels, with momentum pointing higher.

🔹 Yield spreads now favor Australia over the U.S.

🔹 RBA seen as less aggressive in cutting rates compared to the Fed

🔹 Strong commodity prices and risk sentiment add to the upside case

All eyes are now on whether the Aussie can push towards November highs — but risks remain if U.S. data surprises or global sentiment shifts.

#NewTraders##forexmarket#

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