By David Becker The Australian dollar edged higher against the greenback, but continues to remain in a tight range slightly above the par level. The Aussie, has had a robust move, similar to the USD, against the Yen, and looks to be gaining traction.The Australian economy continues to remain strong, as building permits at the [...]
Tag Archives: aud/usd
Trading the Breaks Ahead of Reserve Bank of Australia’s Rate Decision 10:30 PM EDT —- AUD/USD
Looking at an hourly chart on AUD/USD we see that the Aussie has been getting consistently weaker since Jan 18th earlier this year. Later tonight we have the Reserve Bank of Australia’s rate decision and statement at 10:30PM EST. The pair has been treading below the 100 Hour MA as considerable resistance over the last [...]
