Currency – AUDUSD
The Aussie price structure is pointing higher as the USD weakness continues. We see the potential for higher lows to hold and build the structure to support a move up through 0.8117. Although a rate hike is not on the cards anytime soon, any inflationary data out in the near term will only add to the upside pressure.
Currency Pair : AUDUSD
Current Price : 0.7946
Status : On watch for continuation higher