Long

AUDUSD

AUD/USD attracts fresh sellers and is pressured by a combination of factors. A softer risk tone and bets for an early RBA rate cut undermine the Aussie. Subdued USD demand fails to lend any support ahead of the US NFP reportThe AUD/USD pair experienced significant weakness on Friday, sinking near its August lows at 0.6350 after the release of the USThe data showed a much stronger than expected increase in jobs, while rising expectations for an interest rate cut by the Reserve Bank of Australia (RBA) added pressure to the Australian Dollar. Additionally, weaker than expected domestic GDP growth figures further dampened the outlook for AUD/USD.

KingForex078

✅ 100% safe trade and account management service available
◽Free Education & Signal Dailyᚔ
t.me/markforex078
◽Fundamental + Technical Siganlsᚒ
◽Premium ViP Signalsᚒ
◽Tips
◽Sniper Entries
t.me/markforex078

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.