Australian Greenback Upside Turns Sluggish
AUSTRALIAN DOLLAR OUTLOOK: AUDUSD PRICE ACTION STALLS, AUDJPY TESTS TREND RESISTANCE
- AUDUSD extends its streak of features, however Australian Greenback value momentum may quickly stall
- Australian Greenback implied volatility approaches multi-year lows whereas the current inflow of threat urge for food lingers as US-China commerce conflict tensions ease
- Check out the perception IG Client Sentiment information gives on retail foreign exchange dealer positioning
The Australian Greenback continues to climb with the sentiment-linked forex extending its current string of features to six consecutive days. Since sliding to an 11-year low, Australian Greenback value motion has perked up owing largely to the current flood of upbeat market sentiment sparked by US-China trade war optimism. From a basic perspective, there’s little on the docket when it comes to occasion threat when trying on the Australian Greenback’s forex economic calendar. Consequently, it could show useful turning to the charts for clues on the place AUD forex pairs may head subsequent….