AUD/USD hits new ST lows once again on Wednesday; oversold as Thursday session starts

FXstreet.com (Barcelona) – The AUD/USD took it on the chin again Wednesday as the overriding bear trend remained in place and US data – especially the coincident and leading data – came in net bullish for the USD.

AUD/USD traders to monitor Aussie data Thursday as US players stuff themselves

With the US taking off for the Thanksgiving holiday Thursday, AUD/USD traders will have to trade off of technicals and a couple of Aussie data releases – New Home Sales and Private Capital Expenditures – during the Asian session.

Technical outlook for AUD/USD

Technicians continue to note that the AUD/USD …read more