FX:AUDUSD   Australian Dollar/U.S. Dollar
285 1 9

Technical:

broken channel
broken trend


Fundamental:
Bad unemployment data, less than expected GDP and cutting interest rate were the sign of weakness for this pair but due to dollar weakness this pair surged

bad economic data for china (as the most important international partner for Australia )
recent RBA speech which open the door for more cutting rate in future pushed down this pair

I expect that aud/usd             pair goes down further

Related Ideas

ImanJani
US Dollar
ImanJani about USDOLLAR 2 years ago
HiTech PRO
2 years ago
i have similar view
AUDUSD CORRECTION DOWN
Reply
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