More pressure on the Aussie today after Governor Lowe kept it low. The credit rating agency Moody’s downgraded Australia’s Big Four banks. Are they worried about house prices? This is one of the worries of the RBA as well. The banks are ANZ, CBA, NAB, and Westpac. In addition, smaller banks have also been downgraded. Australia still enjoys a perfect credit rating: AAA from three rating agencies, or a 9 As if you wish. Does the downgrade of its banks precede a downgrade of the sovereign? AUD/USD slips under 0.76, with 0.7586 the low so far. Support awaits at 0.7565, a level that supported the pair a few days ago after it made an attempt to the upside. Resistance is at the stubborn high of 0.7640. More: AUD/USD weekly outlook Here is how the downfall looks on the 30-minute chart. Click to see a larger image: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/GBP: Mind The Divergence – Where To Target? – SocGen Yohay Elam 6 years More pressure on the Aussie today after Governor Lowe kept it low. The credit rating agency Moody's downgraded Australia's Big Four banks. Are they worried about house prices? This is one of the worries of the RBA as well. The banks are ANZ, CBA, NAB, and Westpac. In addition, smaller banks have also been downgraded. Australia still enjoys a perfect credit rating: AAA from three rating agencies, or a 9 As if you wish. Does the downgrade of its banks precede a downgrade of the sovereign? AUD/USD slips under 0.76, with 0.7586 the low so far. Support awaits at 0.7565,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
