English
Français
Deutsch
Italiano
Português
Русский
Español
ไทย
Türkçe
简体中文
日本語
한국어
हिन्दी
- AUD/USD extends its upward trajectory for the third consecutive day, breaking past the 200-day moving average to trade around 0.6594.
- US Dollar’s decline is driven by falling US Treasury yields and speculation about the Fed’s policy direction.
- US New Home Sales data for October shows a decline, contributing to a brief pullback in AUD/USD below the 0.6600 level.
The AUD/USD prolongs its gains to three straight days and pierces the 200-day moving average (DMA) of 0.6583, up by 0.21%, after bouncing from daily lows witnessed at around 0.6567. A softer US Dollar (USD) due to falling US bond yields sponsored the Aussie Dollar (AUD) last month’s rally of more than 4%. At the time of writing, the pair exchanges hands at 0.6594.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
