OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD consolidates weekly losses

FXStreet (Córdoba) - AUD/USD remains steady hovering slightly above 0.7000, consolidating weekly losses. The recovery that started yesterday from 0.6940 was capped by 0.7040. The short-term outlook remains uncertain: after falling 350 pips in a week, the pair is finally consolidating.

AUD/USD down for the week

The pair approached yesterday’s highs but it failed to break above and turned to the downside. It traded below 0.7000 but quickly managed to rise back above. During the last hours it remained sideways between 0.7000 and 0.7030; around 170 pips below the level it had a week ago.

Greenback is mostly lower on Friday but is the best performer over the last five days. The aussie and the pound were the worst among majors. Risk aversion boosted the US dollar against commodity currencies.

GBP/USD back below 1.5200

Following a short-lived recovery attempt, GBP/USD found sellers and fell back below the 1.52 mark where it seems to have steadied during the last minutes.
Read more Previous

EUR/JPY performing on the bid above 200 SMA

EUR/JPY is currently trading bat 135.20 with a high of 135.39 and a low of 134.11.
Read more Next
Start livechat