The AUD has been a bit of a mixed bag recently and the USD volatility hasn't helped. The AUD had 2 strong sell-offs and is trying to find balance again. This recent move to the upside is well consolidated, but it's a pretty sharp move. We could see another short term sell-off before reaching new highs.
The AUD has an over-all bearish bias. Expect the sell-offs to have more momentum.
The AUD has an over-all bearish bias. Expect the sell-offs to have more momentum.