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AUDUSD Technical Analysis - Bulls and Bears are watching this key resistance

The miss in the US CPI report triggered a big selloff in the USD, but the greenback came back pretty fast as the US data kept on surprising to the upside with the last week US Initial Claims falling back to record low levels confirming once again the strength of the labour market. The US PMIs yesterday showed a mixed picture though with the Services PMI missing expectations, although remaining in expansionary territory, and the Manufacturing PMI jumping from 46.2 to 49.0 although still in contra... Read More

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Content Topics

Audusd

Technical

Analysis

Bulls

Bears

Watching

This

Resistance

Forex

Posted: Jul 25 2023, 10:54

Author Name: forexlive

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