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AUDUSD – Slow and Steady Uptrend

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Key Highlights Aussie Dollar moved higher against the US Dollar, and traded above the 0.7220 resistance area. There is a support trend line formed on the hourly chart, which might help buyers if the AUDUSD pair moves lower. Australian Home Loans released by the Australian Bureau of Statistics posted a gain of 2.9% in August 2015, which was lower compared with the forecast of a 5% increase. Australian investment lending for homes declined by 0.4% in August 2015. AUDUSD Technical Analysis The

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