Intraday: Bearish
* Technical Analysis
* Preference:
A Sell position is envisaged at current price with take profit at 0.63325.
* Alternative scenario:
A Buy position is envisaged if price trades above 0.63325 with take profit at 0.63444
* Fundamentals:
USD Core Retail Sales m/m
USD Retail Sales m/m
USD Empire State Manufacturing Index
USD Capacity Utilization Rate
Comment: The U.S. dollar rose in Asia on Wednesday as the U.S. Federal Reserve unleashed a massive new lending program overnight Despite the selling pressure surrounding the greenback in the second half of the day, the AUD/USD pair continues to trade aggressively below support and the 50 period moving average.
Analysis: SCRUM Team