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AUD/USD consolidates in a range

FXstreet.com (Córdoba) – The AUD/USD has spent most of the day in a quite slim range, taking a breather from pressure faced this week in the wake of risk aversion. As sentiment improves, so does the Aussie.

AUD/USD treading water

However, the latest recovery attempt as capped by the 0.8980 area, confining AUD/USD to a phase of consolidation, with the 0.8915 area containing the downside. AUD/USD slipped toward the bottom-end of its recent range after US GDP revision came in stronger-than-expected and it is presently trading around 0.8930, only a few pips below its opening price.

AUD/USD looking bearish

“With a daily low …read more