AUD one of the most unstable currency .
Hi Traders,
AUD has been the most volatile among the G10 currencies in just one day. Thursday's report on Australia Employment caused traders to close short positions, resulting in an increase by 1.3% percent. However, Westpac's announcement on RBA's interest rates cut by 1 percent drove the AUD by -0.97% percent. Moreover, the reports on banning of Australia Coal imports to China's Dalian Port Customs caused AUD to plunge to AUD -1.9%.
In technical , Relative strength index is 41.23 which expressing a neutral condition
Macd is showing a bearish divergence at 0.0012.
AUD has been the most volatile among the G10 currencies in just one day. Thursday's report on Australia Employment caused traders to close short positions, resulting in an increase by 1.3% percent. However, Westpac's announcement on RBA's interest rates cut by 1 percent drove the AUD by -0.97% percent. Moreover, the reports on banning of Australia Coal imports to China's Dalian Port Customs caused AUD to plunge to AUD -1.9%.
In technical , Relative strength index is 41.23 which expressing a neutral condition
Macd is showing a bearish divergence at 0.0012.