AU inching lower for short
Updated
AUD/USD has been under selling pressure - and with spot price of gold falling and AIG Performance of Services Index for April coming up in the Asian session.
*still only learning, would appreciate any input - thanks and good luck!
- Krecioch
*still only learning, would appreciate any input - thanks and good luck!
- Krecioch
Note
NFA Report helped bring AU up to resistance at .70250Focus now goes to RBA set to come out early Tuesday..
I'm expecting pressure to be on as there are talks of two possible rate cuts ahead.
If benchmark rate remains ( 1.5% ) Aussie should see a temp rise amid negative data.
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