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Tough Week Ahead for the Australian Dollar

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Last week saw the Australian Dollar fall sharply as the US NFP result fuelled some sharp selling in the pair. Subsequently, traders are watching the pair closely as it nears a key level of support, for any signs of weakening in the face of concerted pressure. The Aussie Dollar fell under significant selling following the surprise US NFP result which saw the indicator posting a 271k gain. The strong US labour market data was compounded by the continuing dovishness from the RBA which hinted at a

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