Aussie has room to weaken on renewed selling pressure below 0.6910 AUD AUDUSD $AUD $AUDUSD
Fed chair Powell's comments revived concerns about inflation and a potential recession.fell on Wednesday and bottomed at 0.6880 but managed to trim most of its intraday losses to end the day at around 0.6930. A worsening market mood at the beginning of the day pushed the greenback higher, although demand receded ahead of US Federal Reserve Chair Powell. Powell testified on monetary policy before Congress, repeating the central bank is focused on taming inflation.
For the near term, technical readings in the 4-hour chart also favor the downside. The pair met intraday selling around a mildly bearish 20 SMA, which currently converges with the aforementioned If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
AUD/USD Forecast: Weaker Commodities and Stronger USD Weigh on Australian DollarAUD/USD begins the European session on the backfoot with several headwinds suppressing the commodity linked currency as we look forward to Fed Chair Powell’s testimony.
Weiterlesen »
EUR/USD: Recovery remains capped below 1.0550, focus shifts to PowellEUR/USD is preserving most of Monday’s gains, consolidating below 1.0550 so far this Tuesday. Risk sentiment remains in a firmer spot, weighing negati
Weiterlesen »
EUR/USD Forecast: Euro eyes 1.0600 as bulls remain interestedEUR/USD has preserved its bullish momentum early Tuesday and climbed above 1.0550. The positive shift witnessed in risk sentiment and the latest comme
Weiterlesen »
AUD/USD faces barricades around 0.6980 despite positive RBA minutes, Fed Powell eyedThe AUD/USD pair has witnessed selling pressure around 0.6980 despite the positive minutes from the Reserve Bank of Australia (RBA). The asset has exp
Weiterlesen »
AUD/USD tumbles below 0.6920 as market mood sours, Fed Powell eyedThe AUD/USD pair has witnessed a steep fall after slipping below the round-level support of 0.6940 in the Asian session. The asset is expected to disp
Weiterlesen »
EUR/USD Forex Signal: Consolidation Below $1.0545$EURUSD Forex Signal: Consolidation Below $1.0545
Weiterlesen »