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Technical Analysis &AUD_Index : 2015-11-09

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Interest rate differential Australian dollar index is on the rise due to the positive comments from the Reserve Bank of Australia (RBA) Governor Glenn Stevens and the strong statistics. Will the trend go on? Glenn Stevens noted the non-resource sector in Australia was experiencing strong growth which improves employment. He added there was no need in further monetary easing so far. As a result, the Australian currency strengthened against the other currencies. The RBA rate is 2% which is far

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