AUD/USD Forecast: Continues to See a lot of Volatility

The Australian dollar has rallied during early trading on Tuesday to reach the 50 Day EMA but has also given back quite a bit of the gains. Because of this, the market looks less likely than ever to see any real follow-through. However, we also have the Jackson Hole Symposium going on this week, and traders will be watching to see what central bankers have to say. After all, interest rate differentials have been a major driver of markets as there is a lot of inflation globally.

Ethan Andrews

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