AUDUSD Technical Analysis
The AUDUSD pair is bouncing from the key support zone. What’s next?
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The AUDUSD pair is bouncing from the key support zone. What’s next?
The mild upside pressure on the US Dollar (USD) sparked an equally lacklustre pullback in AUD/USD on Tuesday, maintaining the trade in the 0.6540 region and fading part of Monday’s decent advance.
The AUD/USD pair finds some support above the 0.6500 mark during the early Asian session on Monday.
The Aussie Dollar (AUD) begins the Asian session virtually unchanged vs.
The Australian Dollar printed back-to-back negative days during the week against the US Dollar, courtesy of a warm inflation report in the United States (US) that justified the Federal Reserve’s stance to be patient in cutting borrowing costs.