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The AUD drop seems more likely – What to expect in the long term horizon

Negative prospects for the Australian continue to deepen after another study on the Australian economy. This time by Thompson Reuters, on the development of the two main economic indicators, GDP and CPI.

GDP
2018: + 3.2%
2019: 2.8%
2020: 2.7%

Australia GDP expectations

CPI
2018: 2.0%
2019: 2.2%
2020: 2.2%

Australia cpi expectations

Technical AUD remains under pressure and in a long-term downward trend relative to major currencies. Currently, prices indicate a possible adjustment in favor of the Australian, which in the future may provide good opportunities for adding short positions.


 Trader Petar Milanov


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