Australia’s treasurer Chalmers: Inflation data a promising result
globalreutersAugust 28, 20241 Mins read Australia/s treasurer Chalmers is speaking after the CPI data and says:
- Inflation data a promising result
- However we are not complacent because we know that people are still under pressure
The AUDUSD moved higher after the reading came in higher than the expectations of 3.4% (was 3.5%), but the high price of 0.68124 could not extend to the 61.8% retracement of the move down from the 2023 high of 0.6818.
The price is currently trading at 0.6798 which was the high from last Friday and again on Monday. Will the buyers keep the momentum going, or will the break higher fail?
This article was written by Greg Michalowski at www.forexlive.com.
Recent Posts
Categories
Related Articles
How To Predict Forex Price Movements Accurately
Struggling to predict forex price movements? The foreign exchange market trades over...
A technical view of the major currency pairs going into the new trading week
EURUSD:USDJPY:GBPUSD:USDCHF:USDCAD:AUDUSD:NZDUSD: This article was written by Greg Michalowski at www.forexlive.com.
Greenland, Canada and the Panama Canal: What is the real plan here?
Here is my base case.Greenland:This is a real pet project of Trump's....
Trend Continuation Factor and Hurst Exponent Forex Trading Strategy
The Trend Continuation Factor and Hurst Exponent Forex trading strategy is a...
Leave a comment