The Australian dollar has extended its losses on Wednesday and has dropped 1% on the week. In the European session, AUD/USD is trading at 0.6374, down 0.35%. The Australian dollar finds itself perilously close to 0.6357, an 11-month low. Australian inflation rises due to higher fuel costs Australia’s inflation rate rose 5.2% y/y in August, up […]
The post Australian Dollar’s Decline Continues appeared first on Action Forex.
Daily Pivots: (S1) 155.56; (P) 156.85; (R1) 157.75; More… USD/JPY’s break of 156.01 support indicates short term topping at 158.86, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for Read more…
Daily Pivots: (S1) 1.2176; (P) 1.2242; (R1) 1.2310; More… GBP/USD is staying in consolidation above 1.2099 and intraday bias remains neutral. Outlook remains bearish with 1.2486 support turned resistance intact. Larger fall from 1.3433 is Read more…
Daily Pivots: (S1) 0.9090; (P) 0.9122; (R1) 0.9158; More… USD/CHF is staying in consolidation below 0.9200 and intraday bias stays neutral. As long as 0.9007 support holds, near term outlook remains bullish. On the upside, Read more…