OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/SUD worst week in 13 months

FXStreet (Córdoba) - The aussie was among the worst performers in the currency market during the last five days and against the US dollar had the biggest weekly loss since July 2013. AUD/USD started the week trading above 0.9360 and since then moved with a bearish bias all week.

The pair bottomed on Friday at 0.9028 and then bounced slighty to finish the week trading around 0.9040/50, 330 pips below from where it was a week ago.

AUD/USD technical outlook

According to analysts from TD Securities, AUD losses are starting to show signs of slowing on the short-term charts, warning that there are indications that the move has become somewhat over -extended. “But trend momentum signals are aligned bearishly across a range of short, medium, long and ultra-long time frames now which will make a sustained recovery in the AUD hard to achieve.”

USD/CHF consolidates above 0.9300 ahead of SNB

Greenback is about to post the fourth consecutive weekly gains versus the Swiss franc but USD/CHF finished far from the highs.
Read more Previous

Wall Street performed first weekly decline since August

The US stocks market declined on Friday as well as it posted it first weekly decline since August as investors are focused on Fed's meeting on Wednesday and speculations on when the central bank will start to hike interest rates.
Read more Next
Start livechat