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4 Dec 2014
AUD/USD recovers but fails to hold above 0.8400
FXStreet (Córdoba) - AUD/USD recovered ground during the American session and climbed to 0.8419 amid a decline of the US dollar across the board but failed to hold and pulled back.
The pair retreated below 0.8400 and currently trades at 0.8377, 0.30% below yesterday’s closing price, and is headed toward the fourth daily decline in a row.
AUD/USD consolidation ahead?
The aussie managed to move off daily lows after finding support above 0.8350 but lost momentum afterwards. The Asian session before NFP could be quiet in the currency market favoring some consolidation of the AUD/USD above multi-year lows.
The pair retreated below 0.8400 and currently trades at 0.8377, 0.30% below yesterday’s closing price, and is headed toward the fourth daily decline in a row.
AUD/USD consolidation ahead?
The aussie managed to move off daily lows after finding support above 0.8350 but lost momentum afterwards. The Asian session before NFP could be quiet in the currency market favoring some consolidation of the AUD/USD above multi-year lows.