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Source: Forexcom News Agency
1 month ago
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Australian Dollar Short-term Outlook: AUD/USD Breakout Extends to 10-Week Highs

Australian Dollar Short-term Outlook: AUD/USD Breakout Extends to 10-Week Highs

Aussie is pressing higher after clearing a major downtrend barrier in late-July, reinforcing the constructive shift in the near-term technical picture. The advance has remained well supported within the rising trend structure as momentum accelerates toward overbought territory, but buyers are now approaching the next major resistance confluence.

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Source: Forexcom
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