AUDUSD eyeing its 4th consecutive day of gains
The AUDUSD is up three consecutive days and is eyeing to make this four.
Risk sentiment improving is on the side of the AUD, but some strong technical indicators will be watched by traders over the trading day. Support levels have lined up nicely with some psychologically levels, which may determine some short term trends in the pair.
On the fundamental side, Australian inflation expectation figures are due tomorrow afternoon, but not before the Reserve Bank of Australia's Governor Philip Lowe speaks about the banks revised inflation outlook and how patient they will be to ensure a lasting recover.
Risk sentiment improving is on the side of the AUD, but some strong technical indicators will be watched by traders over the trading day. Support levels have lined up nicely with some psychologically levels, which may determine some short term trends in the pair.
On the fundamental side, Australian inflation expectation figures are due tomorrow afternoon, but not before the Reserve Bank of Australia's Governor Philip Lowe speaks about the banks revised inflation outlook and how patient they will be to ensure a lasting recover.
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