The AUD/USD pair now appears to have joined a bearish phase of restructuring and was established in a tight trading band close to the lower end of its weekly trading area.
Upgraded US economic data has sparked a fresh boom in US Treasury bond yields, a strong climb in the US dollar, which has eventually forced the Major downward.
The Chinese proxy Australian Dollar stood in the defenses and was no longer able to take time for launch on Friday of Caixin China's better than expected PMI, which rose from 48.3 in January to 49.9 in February.
Market participants are now awaiting the US economic backdrop underlining the ISM production PMI and amended the UoM Consumer Sentiment Index for a fresh motivation on the week's last trade day.
Latest Forex News, Analysis & Market Moving Events:
Important Categories Of News Section:
Forex Indicators & EAs:
Free Forex eBooks:
Forex Brokers Reviews:
More Forex Indicators & EAs:
Forex Trading Strategies:
Cryptocurrency Live Charts: