The AUDUSD hit new 5-month high on Thursday, following strong bullish acceleration on Wednesday, sparked by unexpected rise in consumer prices in Q4, which signals that the RBA would continue to raise interest rates in coming meetings. Break and close above Fibo barrier at 0.7091 (61.8% of 0.7661/0.6170) on Wednesday, generated initial bullish signal, which […]

The post AUD/USD: Aussie Hits 5-month High vs US Dollar, Boosted by Hot Australian Inflation appeared first on Action Forex.