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AUD: Looking for a Move Lower

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Australian Dollar has had a relatively positive week as the pair rallied strongly due to an increase in global iron ore prices. However, the Aussie Dollar has now moved near to resistance that could see it pull back in the coming session. Iron ore prices have been a significant factor in the decline of the Australian economy over the past twelve months. The end of the commodity super cycle has had some sharp economic impacts for Australian trade receipts, with the collapse in iron ore

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