Australian Dollar Price Forecast: Extra consolidation seems likely
The Aussie Dollar remains in a consolidative phase below the key 0.7000 threshold for now, while the constructive tone remains unchanged above the critical 200-day SMA.

The Aussie Dollar remains in a consolidative phase below the key 0.7000 threshold for now, while the constructive tone remains unchanged above the critical 200-day SMA.
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Gold is looking to build on its previous recovery beyond the $4,000 mark early Thursday, with the next big move hinging on the critical US Nonfarm Payrolls (NFP) data release.
Spot Gold peaked at $4,115.48 on Wednesday, its highest in over a week, and is now changing hands at $4,071. The US Dollar (USD) once again started the day with a strong footing, but turned lower early in the American session.
Gold faltered in its brief recovery stint above the $4,000 mark in early Wednesday’s trading, reverting toward seven-month lows of $3,942 reached a day ago.