AUD/USD: watch a break of 0.7250 - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts, in respect to AUD/USD, explained that consumer prices rose at a mild pace last month in Australia, adding to recent data which suggests inflationary pressures have eased in recent months, putting greater pressure on policymakers to revive inflation.

    Key Quotes:

    "The price of an average basket of consumer goods rose 0.1% m/m in October, after showing no change the month before. The price gauge was up at a steady rate of 1.8% y/y last month.

    It is getting increasingly likely that last week’s high near 0.7283 is the extent of the current bullish phase (target at 0.7290/95 not met). Unless there is rapid recovery above 0.7240/45 in the next 1 to 2 days, a move below 0.7170 would indicate that the start of neutral consolidation phase (likely holding between 0.7100 and 0.7280)."
    For more information, read our latest forex news.

Share This Page

free forex signals