Friday, 7 September 2018

AUD/USD Cleared to Descend to 2016 Lows as Key Support Gives Way

Key support levels that kept AUD/USD afloat gave way, opening the door for Australian Dollar prices reach 2016 lows. Near-term support at 0.7088 while resistance a descending range.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...