Struggles to sustain above 0.6400

[ad_1] Share: AUD/USD faces selling pressure above 0.6400 as IMF warned decline in global output due to Middle East tensions. The USD Index drifted lower swiftly to near 106.00 as Fed policymakers supported keeping interest rates steady. AUD/USD trades in a Rising channel in which each pullback is considered as a buying opportunity.

AUD/USD, AUD/JPY Soar but is There Enough Momentum to Sustain?

[ad_1] Australian Dollar, AUD/USD, AUD/JPY – Near-Term Technical Update: Recommended by Daniel Dubrovsky How to Trade AUD/USD AUD/USD – Daily Chart Recent performance in the Australian Dollar against the US Dollar and Japanese Yen is setting up an interesting technical landscape. On the daily chart below, AUD/USD surged on Thursday, leaving behind a Bullish Engulfing

Market Update – August 31 – Markets sustain the “Bad News Is Good News” stance

[ad_1] Asian stock markets traded mixed overnight, with mainland China bourses underperforming. Chinese manufacturing contracted in August for a 5th straight month, while Chinese property stocks fell after Country Garden, once the country’s largest developer by sales, reported record losses and China Vanke cancelled a share placement. China’s property sector is dealing with a renewed