Trader who spotted EUR/USD at 1.1650 explains why AUD/USD's 0.6500 breakout changes everything
Key Points
- The dollar is strong, with the AUD/USD showing resilience ab...
The dollar is flexing harder than a gym bro in January, and two currency pairs are having very different reactions to this display of American monetary muscle. While the EUR/USD sulks near 1.1650 like a rejected date, the AUD/USD is putting on its best "I'm totally fine" face above 0.6500.
The Aussie Dollar's Comeback Story
The Australian dollar just pulled itself up from the 0.6470 dumps faster than you can say "consumer confidence." Thanks to some surprisingly decent US data last week - because apparently good American news is what the Aussie needed to feel better about itself - the AUD...
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