AUD/USD Breaks Higher, but Jobs Data Will Decide Whether Rally Lasts

AUD/USD has broken to its highest level in four weeks, but the rally still lacks a convincing domestic foundation. The Australian Dollar has benefited from a favorable global backdrop as risk appetite improved across Asia, the Dollar weakened broadly, and copper prices surged on worsening supply disruptions in Chile. Additional support came from New Zealand,
The post AUD/USD Breaks Higher, but Jobs Data Will Decide Whether Rally Lasts appeared first on ActionForex.

AUD/USD has broken to its highest level in four weeks, but the rally still lacks a convincing domestic foundation. The Australian Dollar has benefited from a favorable global backdrop as risk appetite improved across Asia, the Dollar weakened broadly, and copper prices surged on worsening supply disruptions in Chile. Additional support came from New Zealand, […]

The post AUD/USD Breaks Higher, but Jobs Data Will Decide Whether Rally Lasts appeared first on ActionForex.

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