AUD/USD Downtrend Channel on Hourly Chart
The Australian dollar remains pressured in the lower part of a the long term 1.0150 - 1.06 range. In the past few days, it has descended in a downtrend channel.
Inflation in Australia came out below expectations, raising the prospects of a rate cut, or at least pushing any potential rate hike back.
The pair could continue falling in the channel, challenging the bottom of the wide range.
Inflation in Australia came out below expectations, raising the prospects of a rate cut, or at least pushing any potential rate hike back.
The pair could continue falling in the channel, challenging the bottom of the wide range.