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AUD/USD en route to key technical resistance after yesterday's breakout

AUD/USD en route to key technical resistance after yesterday's breakout

This comes as the dollar remains on the softer side for the most part after yesterday's US CPI data here. Risk trades rallied strongly and we are seeing things pick up again with S&P 500 futures now up 0.4% after a flattish start to the day earlier. In turn, AUD/USD is moving higher and looking towards its 100-day moving average (red line) next:

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Posted: Nov 11 2022, 05:37
Author Name: forexlive
Views: 111918

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