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AUD/USD Rests At Consolidation Support Ahead of RBA Statement and NFP

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Old 04-05-2012, 01:40 PM
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Default AUD/USD Rests At Consolidation Support Ahead of RBA Statement and NFP

So far this week, the USD has been buoyed by positive manufacturing data while the AUD has been pressured by the deeper than expected 50-basis-point rate cut by the Reserve Bank of Australia. The 4H AUD/USD chart shows the market now testing the April consolidation support in the 1.0225-1.0245 area.

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