Normal
AUD/USD is holding just below 0.6600 after Tuesday's sell-off, and given the divergence in tone between Governor Lowe's recent comments and Fed Chair Powell's testimony, it is interesting to see the lack of follow-through from sellers despite the breakdown.All trading involves risk, and it may be a signal of possible mean reversion before a more sustained leg lower. It will be worth watching Friday nights NFP as that will likely be the main driver for USD's direction over the coming days.
AUD/USD is holding just below 0.6600 after Tuesday's sell-off, and given the divergence in tone between Governor Lowe's recent comments and Fed Chair Powell's testimony, it is interesting to see the lack of follow-through from sellers despite the breakdown.
All trading involves risk, and it may be a signal of possible mean reversion before a more sustained leg lower. It will be worth watching Friday nights NFP as that will likely be the main driver for USD's direction over the coming days.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
