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78.31% of retail investor accounts lose money when trading CFDs with this provider.

The Australian dollar loses upward momentum
The Australian dollar loses upward momentum

The Australian dollar loses upward momentum

The AUD/USD pair has shifted downward after attempting to reach the highs set in October and to rise above the 50-day SMA.

According to the latest reports, the National Australia Bank Business Confidence Index dropped to 22 in October from 25 in September. In addition to that, the business confidence fell from 5 to 0. Amidst a general drop in investor risk appetite, pressure on the AUD/USD pair could remain.

AUD/USD

Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.

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78.31% of retail investor accounts lose money

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