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    HomeLive CommentsAUD/USD accelerates up again, but EUR/AUD and AUD/JPY haven't confirm Aussie strength...

    AUD/USD accelerates up again, but EUR/AUD and AUD/JPY haven’t confirm Aussie strength yet

    ActionForex
    By ActionForex

    Australian Dollar rises broadly in European on broad based risk market rally. AUD/USD hits as high as 0.7471 so far and it’s on track to 38.2% retracement of 1.1079 (2011 high) to 0.5506 (2020 low) at 0.7635.

    Though, to confirm the underlying momentum of Aussie, EUR/AUD will need to take out 1.6033/6122 support zone. AUD/JPY will also have to take out 78.46 high decisively. Otherwise, the current rally might reverse for the short term any time.

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