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AUD/USD Loses The Bullish Momentum, Favoring Sideways

11 July 2017 07:36 PM BDT
AUD/USD Loses The Bullish Momentum, Favoring Sideways

FxGrow Daily Technical Analysis – 11th July, 2017 By FxGrow Research & Analysis Team AUD/USD Loses The Bullish Momentum, Favoring Sideways AUD/USD failed to sustain the bullish momentum today as it f 0.7626 high, retreating low of 0.7605 during the European trading session. Currently the pair is trading at 0.7608 intraday just above its 100 EMA at 0.7605. Fundamentally, the National Australia Bank (NAB) Business Confidence Index was neutral recording 9 compared to 8 on previous sessions, but the negative Home Loans data added more pressure over the Aussie. Traders should be aware of the Chinese Trade balance, to be ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.  

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