AUDUSD. Fundamental and technical analysis. Short- and long-term forecasts

AUDUSD: Fundamental analysis, COVID-19, channel and trend analysis, TM candlestick projections

Fundamental analysis 

My colleague Dmitri Demidenko has provided an express fundamental analysis of the factors which influence the rate of AUDUSD. Feel free to check his article. Dmitri’s overall estimation is positive, based on the analysis of macroeconomic processes and fundamental indicators.  I will only highlight some details that need a special mention.

Australia is a well-developed country. It boasts the world’s second best Human Development Index, after Norway, and the 10th biggest GDP per capita. Nonetheless, the economy of Australia is based on ressources.

Over 75% of exports…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>