posted by
FXTimes
411 days ago
in USD, AUD, Technical
So far this week, the USD has been buoyed by positive manufacturing data while the AUD has been pressured by the deeper than expected 50-basis-point rate cut by the Reserve Bank of Australia. The 4H AUD/USD chart shows the market now testing the April consolidation support in the 1.0225-1.0245 area...