Australian Dollar's Downward Momentum Vs. U.S. Dollar Likely Increasing, Chart Shows — Market Talk

The Australian dollar's downward momentum against its U.S. counterpart appears to be increasing, based on the daily chart, Quek Ser Leang of UOB's global economics and markets research says in a report. The Australian dollar-U.S. dollar pair fell sharply and broke decisively below the daily Ichimok…