Short: AUD/USD is losing bullish potential.......WHAT NEXT?
Australian business activity deteriorated in August according to the Commonwealth Bank PMIs.
The AUD/USD pair has continued to lose ground on LAST Friday, closing the week unchanged at 0.7160, as demand for the greenback remained firm.
Despite being unable to sustain gain, the pair remains near the year high set at 0.7205, and with its bearish potential, CAN we say somehow indicating that the current dollar’s advance is a mere correction or a big fall.........We waiting to see a breakout for bearish continuation.......
The AUD/USD pair has continued to lose ground on LAST Friday, closing the week unchanged at 0.7160, as demand for the greenback remained firm.
Despite being unable to sustain gain, the pair remains near the year high set at 0.7205, and with its bearish potential, CAN we say somehow indicating that the current dollar’s advance is a mere correction or a big fall.........We waiting to see a breakout for bearish continuation.......