AUD/USD: Recovery moves eye 0.7810 resistance confluence
AUD/USD picks up bids to refresh intraday high above 0.7800. Repeated bounces around 200-bar SMA, bullish MACD favor buyers. 100-bar SMA, one-week-old falling trend line challenge bulls.
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SPECIAL WEEKLY FORECAST
Interested in weekly AUDUSD forecasts? Our experts make weekly updates forecasting the next possible moves of the aussie-dollar pair. Here you can find the most recent forecast by our market experts:
The AUD/USD pair hit 0.8006 on Thursday, a fresh three-year high, but it was all downhill from there. Wall Street plummeted as US Treasury yields soared to one-year highs, dragging commodity-linked currencies lower. AUD/USD fell to 0.7730 on Friday, bouncing just modestly ahead of the weekly close.