AUD/USD Forecast: Aussie holds above 0.6600, remains bearish
The AUD/USD rebounded after falling for four consecutive days, supported by an improvement in market sentiment. The pair dropped momentarily below 0.6
Source: fxstreet.com
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AUD/USD Forecast: Technically Neutral In The Near-Term, But Sellers Have Limited Chances
Share: Soaring base metal prices maintained the Aussie afloat despite renewed greenback’s demand. Chinese PMIs could introduce some noise to currencies’ behavior on Friday. AUD/USD is technically neutral in the near-term, but sellers have limited chances. The AUD/USD pair heads into the Asian opening trading around 0.7770, modestly down on a daily basis. The pair peaked at 0.7817 amid the broad greenback’s weakness at the beginning of the day and following rising equities. The pair retreated as speculative interest turned into the American currency on Wall Street’s decline but held on...
Source: benzinga.com