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The Australian dollar is the top performer this month

August 31, 2020 by admin 0 Comments

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AUD/JPY is the best trade this month

The Australian dollar is up another 25 pips today to cap an impressive month.

AUD/USD came into August riding a four-month winning streak and had closed out July with an impressive rally to 0.7200 from 0.7000. It started the month with a sideways move and was down month-to-date as recently as last Monday but it finished the month on a six-day winning streak.

It’s now at the highest since July 2018.

Looking at the chart, there isn’t much standing in the way of a return to 80.00 but don’t expect a continued straight line to the upside.

The yen is the worst performer in August, narrowly trailing USD.

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This article was originally published by Forexlive.com. Read the original article here.