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AUD/USD Price Forecast: Trades around 0.7050 after breaking below nine-day EMA

AUD/USD pares its recent gains from the previous session, trading around 0.7050 during the early European hours on Thursday. The technical analysis of the daily chart indicates that the pair is remaining within the ascending channel pattern, indicating that bullish bias prevails.
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EUR/USD: Oil-driven terms of trade support Dollar – Commerzbank

Commerzbank’s Michael Pfister revisits international trade theory to explain why higher Oil prices and the US status as a net Oil exporter are supportive for the Dollar against the Euro.
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