Aussie Dollar Accelerates Higher on Hawkish Comments from RBA

AUDUSD jumped to three-week high on Wednesday, advancing almost 0.5% in Asian/early European trading, lifted by comments from RBA official about worsening inflation outlook that boosts the central bank’s existing hawkish stance. Fresh acceleration broke above psychological 0.70 resistance and cracked pivotal Fibo barrier at 0.7025 (38.2% retracement of 0.7237/0.6894 descend), close above which to […] The post Aussie Dollar Accelerates Higher on Hawkish Comments from RBA appeared first on ActionForex.