AUD/USD looking better than it has in over a year

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Earlier today, we noted that the Australian dollar was the only major currency that rose against the US dollar last month, so we figured we’d take a closer look at the pair’s potentially significant long-term breakout. My colleague Fawad Razaqzada covered the fundamental situation Down Under earlier, noting that “the RBA kept interest rates and forward guidance effectively unchanged from the previous meeting. We also had some stronger Australian data as building approvals unexpectedly rose

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