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Lucas: Watching AUDUSD for the Wednesday wobble
Steve Lucas is trading AUDUSD after last night's budget which is unlikely to change the Australian central bank's easing bias with confirmation of weak GDP and rising unemployment. Steve has also spotted that sell offs seem to occur every Wednesday: "Although weekly signals have been temporarily bullish since posting a 6 year low in April at 0.7533, rallies in each of the last 2 weeks have attracted temporary but sharp sell offs on Wednesday of that week."
01:35 minutes
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