The Australian Dollar has been making cautious upside progress against the US Dollar of late, but, like with EUR/AUD, the overall Aussie picture remains broadly bearish. What are key levels to watch?
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Sep 21, 2023 when Wall Street traded near 34,068.90.The US Dollar is not off to a great start this week so far ahead of the highly anticipated inflation report. Will CPI data add fur...
The latter was established back in May. Breaking higher exposes the 0.6568 inflection point from the March low. Otherwise, turning lower places the focus on support which is the November low of 0.6272., EUR/AUD has been in a cautious downtrend since August. But, the exchange rate remains in an overall uptrend. The latter seems to be upheld by rising support from the beginning of this year – see chart below.
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