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Technical Analysis AUDUSD : 2016-01-26

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Will the trend upwards resume? The Australian dollar has corrected upwards from its recently hit 7-year low amid increase in global oil and commodity prices. On Wednesday the 4Q 2015 inflation data will come out in Australia which is expected to have increased slightly to 1.6% year over year compared to 1.5% in Q3. In our opinion, this factor is positive. Will the Aussie continue strengthening? The base rate in Australia is 2% which is far above the rate in the other developed countries. This

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