As seen on the AUD/USD chart, yesterday the exchange rate fell below the level of 0.618 Australian dollars per 1 US dollar. The last time the Australian dollar was this weak was in April 2020, during the global spread of the coronavirus. The decline followed the release of inflation data from Australia earlier this week. […]
The post AUD/USD Analysis: Exchange Rate Holds at a 56-Month Low appeared first on Action Forex.
Daily Pivots: (S1) 1.0281; (P) 1.0302; (R1) 1.0321; More… EUR/USD recovered after brief breach of 1.0223 support and intraday bias remains neutral. With 1.0457 resistance intact, outlook stay bearish. On the downside, firm break of Read more…
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