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AUD exposed to downside pressure

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Forex News and Events Gloomy outlook for Australia (by Arnaud Masset) The Australian economy started 2016 off to wheel as most economic indicators showed signs of stabilisation and even of improvement for a few of them. The unemployment rate fell to 5.8% in December, while inflation pick-up significantly in the fourth quarter, rising from 1.5%y/y to 1.7% (beating estimates of 1.6%). However starting from February, a few cracks started to appear as the economy struggles to gain momentum in this

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