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AUD/USD consolidates after Yellen's testimony

AUDUSD chart

AUD/USD has been trading within range between 0.7128 and 0.6973 this week as we head towards RBA's Stevens testifying tomorrow. In the US today however, it was Yellen who took the stand.

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In depth

FX: 3 Key Takeaways from Yellen's Testimony

No decisions have been made about raising interest rates in March according to Janet Yellen but don't be mistaken - the odds of tightening next month is declining rapidly. Given the sharp sell-off in global equities, the strong...

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Currencies

Pair Last High Low Net chg. Chg. %
EUR/USD 1.1281 1.1299 1.1274 -0.0013 -0.12
GBP/USD 1.4537 1.4545 1.4518 0.0005 0.03
USD/JPY 113.33 113.61 113.19 0.03 0.02
USD/CAD 1.3915 1.3937 1.3911 -0.0018 -0.13
AUD/USD 0.7117 0.7120 0.7092 0.0008 0.11
USD/CHF 0.9737 0.9745 0.9717 0.0016 0.16
NZD/USD 0.6696 0.6703 0.6674 0.0011 0.17
GBP/JPY 164.76 165.10 164.36 0.10 0.06

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Current Trading Positions

EURUSD Order Entry SL TP
Growth Aces LONG LMT @1.1150 - 1.1450
GBPUSD Order Entry SL TP
Growth Aces BUY LMT @1.4460 - -
ProAct Traders LONG LMT @1.4471 - 1.4550
NZDUSD Order Entry SL TP
Growth Aces LONG LMT @0.6656 - 0.6800

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