Forex Update :-
Pound eases from 1.6560 session high despite bright manufacturing data
The Pound, which was trading around 1.6560, on recovery from 1.6460 session low, has dipped more than 40 pips to 1.6620 despite UK industrial output posting its largest monthly increase in the last 7 years.
AUD/USD: Aussie rally from 0.8915, capped at 0.9145
Australian Dollar's recovery from 0.8915 low on Nov 03 reached its top at 0.9145 on post-Fed Dollae4r softening, and the pair eased during Thursday's Asian session, reaching session low at 0.9025 on early European session.
On a wider perspective, Liviu Flesar, technical analyst at InnerFX defends that short-term bias is negative while resistance at 0.9200 persists: "Support is provided by .9020/50 and a break down could renew selling to .8950/60 which is a rising trend-line coming from .8240 as seen in the daily chart below. Short-term sentiment remains bearish as a break above .9200 is needed to signal uptrend resumption."
