AUD/USD Trimming Gains, Can It Bounce Back?

Key Highlights The Aussie Dollar topped near 0.6895 and declined recently against the US Dollar. AUD/USD broke an ascending channel with support near 0.6870 on the 4-hours chart.Australia’s Employment changed 34.7K in August 2019, less than the last revised 36.4K.The Unemployment rate increased from 5.2% to 5.3% in August 2019. AUD/USD Technical Analysis Earlier thi...
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Aussie Dollar Facing an Uphill Task Post Employment Report

Key Highlights Aussie Dollar rocketed higher during the Asian session, as the employment report released in Australian was better-than-expected. Australian Employment Change released by the Australian Bureau of Statistics came in at 42.0K in May 2015, compared to the expectation of 11.0K. AUDJPY pair surged higher after the report was published, but facing an important ...
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