Australian Dollar snaps the winning streak on US Dollar recovery
Updated
Brian says hello to all of you!
Today, the Australian dollar (AUD) ended its four-day rally due to the recovery of the US dollar (USD). However, the AUD has received support for its price increase, driven by strong commodity prices and ongoing conflicts in the Middle East.
Furthermore, from the analysis chart, the upward trend is still functioning very well with continuous price increases and no signs of any significant decline in the AUD that would put it in a precarious situation.
Today, the Australian dollar (AUD) ended its four-day rally due to the recovery of the US dollar (USD). However, the AUD has received support for its price increase, driven by strong commodity prices and ongoing conflicts in the Middle East.
Furthermore, from the analysis chart, the upward trend is still functioning very well with continuous price increases and no signs of any significant decline in the AUD that would put it in a precarious situation.
Note
good luckTrade active
Trade closed: target reached
Related publications
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.