The USD continues to show signs of volatility against the yen, but more importantly – strength. Although we have seen some central bank actions, at the same time – interest rate differential continues to be important.
The Australian dollar has rallied a bit in the early hours on Monday, and as a result, we are testing the overall ceiling in the long-term consolidation area.
The Australian dollar has rallied at the end of the week after the jobs report came out of America smaller than anticipated. That being said, it looks like resistance is still holding true, so I’m not sure what has changed.
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