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AUD/USD Outlook: Bulls Capped by 0.71 Despite Upbeat Aussie Data

Started by forex4you, Feb 07, 2022, 06:27 am

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Feb 07, 2022, 06:27 am
AUD/USD Outlook: Bulls Capped by 0.71 Despite Upbeat Aussie Data

Falling yields and mixed Chinese and Australian data continue to weigh the AUD/USD. The Caixin Services PMI fell to 52.9 in January from 53.1 in January’s forecast. Australia’s retail sales grew by an impressive 8.2% in the fourth quarter. The AUD/USD price outlook remains in trouble despite a minor upside correction as the US dollar … Continued


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