AUD/USD Forecast: RBA to the rescue?
The beginning of a new trading week saw relentless selling pressure on the Aussie dollar, pushing AUD/USD to the sub-0.6500 zone for the first time since mid-November.
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The beginning of a new trading week saw relentless selling pressure on the Aussie dollar, pushing AUD/USD to the sub-0.6500 zone for the first time since mid-November.
The AUD/USD plunged to a three-month low due to hawkish comments from Federal Reserve Chair Jerome Powell and expectations of a dovish rate held by the Reserve Bank of Australia (RBA).
The AUD/USD pair faces pressure in holding an auction above the crucial support of 0.6500 in the late European session on Tuesday.
The Reserve Bank of Australia (RBA) left interest rates unchanged.
The AUDUSD pair breaks a key support zone. What’s next?