The AUDUSD continues the upward move, firstly because of the weakness of the DXY overnight as the CPI data signaled a slowdown in overall inflation growth for the US.
In addition, stronger than expected employment data for the Australian economy added on to the upward momentum.
If the price closes above the resistance level of 0.6725, further upside potential could be expected with the next key resistance level at 0.6790
In addition, stronger than expected employment data for the Australian economy added on to the upward momentum.
If the price closes above the resistance level of 0.6725, further upside potential could be expected with the next key resistance level at 0.6790
