AUD/USD Analysis: 0.7120 Resistance Holds Firm
Despite a 40.3K employment gain, AUD/USD stalls near 0.6900 as Federal Reserve rate hike expectations override strong Australian labor data.
Despite a 40.3K employment gain, AUD/USD stalls near 0.6900 as Federal Reserve rate hike expectations override strong Australian labor data.
China's June PMI hit 50.3, yet AUD/USD dipped 0.07%. Marcus Halloran explains why technical resistance below the 100-day SMA overrode the upbeat data.