AUD/USD is all set to rise again as it is above the 200 moving average. During this quarter AUD/USD stayed above the 200 moving average. Australia’s dollar was as little as 0.6 percent above its 200-day moving average on Aug. 8, the day after data showed the nation’s jobless rate jumped to a 12-year high… Continue reading AUD/USD Set To Rise As It Bucks 200 Moving Average Trend-Technical Analysis
Tag: aud/usd
AUD/USD Will Strengthen Further!
Australian government has been trying hard to weaken the Australian Dollar AUD. But AUD has been stubbornly strong despite slowing Chinese economic growth and the Australian policy makers attempts to weaken it. AUD/USD has formed a classic Guppy Multiple Moving Average Three Point Breakout Pattern. Take a look at the chart below what shows this… Continue reading AUD/USD Will Strengthen Further!