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AUD/USD: The party that never ends, fresh monthly highs to the 0.7140’s – FXStreet

AUD/USD has steamed on ahead throughout the sessions as the commodity complex bounces, the DXY continues to crumble and while there is a reluctance fr

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  • AUD/USD bulls take on fresh multi-month highs with a target of the 55-month moving average.
  • All steam ahead following the RBA’s lack of urgency to weaken the currency while DXY bleeds out and the euro runs higher.
  • Risk-on markets are supporting the commodity complex and commodity-FX.

AUD/USD has steamed on ahead throughout the sessions as the commodity complex bounces, the DXY continues to crumble and while there is a reluctance fro the Reserve Bank of Australia…

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