The Aussie continued to see a lot of noise during the week, as we broke out of a rectangle, and then turned around to show signs of support. Will it hold? That will be the biggest question at this point.
The Aussie dollar has fallen during the early hours on Friday to reach a previous resistance barrier, thereby perhaps showing a bit of “market memory” if it holds as support. Obviously, this is going to be a pivotal trading session for the Aussie going forward.
Investing.com-- Most Asian currencies retreated on Friday as the dollar recovered a measure of recent losses after a string of Federal Reserve officials warned that bets on interest rate cuts may be premature.