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AUDUSD: Intraday Analysis & Forecast update

It’s vital to know how traders are positioned and the surge in demand for dollars – that has led traders to establish a big bet on it rising – is set to have an increasing influence on the future direction of the U.S. currency.

Traders have swiftly moved to account for the probability that U.S. interest rates won’t drop as far as expected at the start of this year, flipping from a $9.5 billion bet on dollar dropping in January, to a $17.5 billion wager that it rises in March.

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