Despite the pressure on the majors and relative shift towards risk aversion, the Aussie is being resilient with only a slight consolidation in its current rally.
A the time of writing, the pair is even breaking above yesterday’s high which confirms a bullish bias. We might see a new test of the key 1,10 level over the coming sessions which coincides with the weekly bollinger band.
The studies are pointing to further gains and we will remain bullish on the pair until proven otherwise.
Provided by atf-forex-trading.com