AUD/USD Forex Signal 16/07: Aussie Rally to Fade
Bearish view Bullish view The AUD/USD pair rose and retested the important resistance level of 0.700 as the US dollar softened following the latest inflation data. It has rebounded by 2% from its lowest level this month as traders readjusted their Federal Reserve outlook. US Inflation Falls, But Iran War Poses a Challenge The AUD/USD…