FXStreet·48 event signal
Australian Dollar breaks below 100-day SMA after hot US inflation data
finance$SMA
The Australian Dollar weakens against the US Dollar on Thursday after encountering a key resistance confluence at the 50- and 200-day SMAs, while strong US data reaffirmed the economy’s strength, which could increase the chances of higher interest rates. The AUD/USD trades at 0.7020.
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Source: FreeNewsAPIRead at FXStreet
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