AUD/USD: AUD is holding positions. Technical analysis for 09.08.2016

Forex analytics: Review and dynamics Despite difference in the monetary policies of the US Fed and the RBA and low inflation in Australia, the Australian dollar continues to move in the uptrend in the currency market, holding steady position against the major currencies, including the USD.Last week the RBA cut interest rates and indicated possibility of the further cuts in rate in Australia. However, the pair ...