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AUD/USD in focus as traders await key data

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The AUD/USD has managed to recoup more than 450 pips after hitting a low of about 0.6905 in September. It has been supported by three main factors: (1) a general depreciation of the US dollar after the Federal Reserve refused to hike interest rates in September and the subsequent deterioration in US data; (2) the Reserve Bank of Australia dropping its verbal intervention on the Aussie and (3) a rally across some of the key commodity prices, such as copper and gold. The Aussie’s rally is now

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