{"id":14056,"date":"2012-09-12T07:04:35","date_gmt":"2012-09-12T14:04:35","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=14056"},"modified":"2012-09-12T07:04:35","modified_gmt":"2012-09-12T14:04:35","slug":"australian-dollar-rebound-critical-test","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/12\/australian-dollar-rebound-critical-test\/","title":{"rendered":"Australian Dollar’s Rebound Faces Critical Test Against U.S. Dollar"},"content":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha on September 12, 2012. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

In one more day, the Federal Reserve announces its next decision on monetary policy. In anticipation, the dollar (UUP) has traded lower and lower.<\/p>\n


\n
\"U.S.<\/a>
U.S. dollar index follows through on breakdown below its 200DMA<\/figcaption><\/figure>
\n<\/center><\/p>\n

The Australian dollar (FXA) has been one of the beneficiaries of dollar weakness. {snip}<\/p>\n


\n
\"The<\/a>
The Australian dollar has become resilient against numerous headwinds<\/figcaption><\/figure>
\n
\n
\"Weekly<\/a>
Weekly chart shows the current downtrend that began with last year's historic highs against the U.S. dollar<\/figcaption><\/figure>
\nSource for charts: FreeStockCharts.com<\/a><\/strong>
\n<\/center><\/p>\n

{snip}<\/p>\n

Be careful out there!<\/p>\n

(This is an excerpt from an article I originally published on Seeking Alpha on September 12, 2012. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Full disclosure: no positions<\/p>\n","protected":false},"excerpt":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha on September 12, 2012. Click here to read the entire piece.) In one more day, the Federal Reserve announces its next decision on monetary policy. In anticipation, the dollar (UUP) has traded lower and lower. The Australian dollar (FXA) has been one … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[921,20,512,511,62],"tags":[308,310,309,448,1597],"class_list":["post-14056","post","type-post","status-publish","format-standard","hentry","category-downtrend","category-forex","category-resistance","category-support","category-technical-analysis","tag-audusd","tag-australian-dollar","tag-fxa","tag-rydex-currencyshares-australian-dollar-trust-etf","tag-technical-analysis"],"yoast_head":"\nAustralian Dollar's Rebound Faces Critical Test Against U.S. Dollar - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2012\/09\/12\/australian-dollar-rebound-critical-test\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australian Dollar's Rebound Faces Critical Test Against U.S. Dollar - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(This is an excerpt from an article I originally published on Seeking Alpha on September 12, 2012. 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