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S&P 5005,963+0.54%
NASDAQ21,443+0.87%
DOW43,892+0.31%
DAX23,888+0.44%
FTSE 1008,721-0.12%
EUR/USD1.1465+0.07%
GBP/USD1.3220+0.14%
USD/JPY161.31-0.03%
Gold3,241+0.22%
WTI Oil76.40+0.81%
Bitcoin103,241+1.43%
10Y UST4.47%-9bp
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AUD/USD Falls After Rising For 5 Days

MarketsFN Team

•1 min read
AUD/USD Falls After Rising For 5 Days

AUD/USD looks overbought and the Stochastic daily oscillator at 86 would remind that a possible retracement of recent gains is an option.

The pair developed an intermediate trading range this year in the area 0.6358-0.6850. AUD/USD trading at 0.6698, with a daily loss of -0.66%.

The Australian dollar is the second worst performer today, after the Japanese Yen, against the USD among the major group of currencies.

#AUD/USD#Forex

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