*pun intended*
With the continuing decline of the Aussie despite the higher ups of commodities, the pair has been struggling to push to the upside against a safe-haven currency. The same is occurring with AUDCHF considering that the Swiss Franc is also a safe-haven currency.
Last trading session, the AUDJPY pair formed an inside pin bar which may suggest a further decline of the pair. The weakness of the Aussie can also be seen on several pairs except AUDUSD due to the huge sell-off of the Dollar.
With the continuing decline of the Aussie despite the higher ups of commodities, the pair has been struggling to push to the upside against a safe-haven currency. The same is occurring with AUDCHF considering that the Swiss Franc is also a safe-haven currency.
Last trading session, the AUDJPY pair formed an inside pin bar which may suggest a further decline of the pair. The weakness of the Aussie can also be seen on several pairs except AUDUSD due to the huge sell-off of the Dollar.