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AUD/USD maintains relative weakness despite US dollar plunge

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    While the US dollar’s plunge on Wednesday saw the greenback fall precipitously against most other major currencies, AUD/USD remained relatively unmoved as the Australian dollar also remained weak on a continuing slump in commodity prices. Thus far, this week has seen a sharp pullback for AUD/USD that broke the prior short-term uptrend, which had been in place since early November. That uptrend was a part of a generally bullish channel that originated from September’s six-year low around

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