Australian Dollar Forecast: AUD/USD Risks Tilted Towards Further Gains
Australian Dollar Forecast: AUD/USD Risks Tilted Towards Further Gains
Stay updated with breaking news from Dollar Forecast. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Australian Dollar Forecast: AUD/USD Risks Tilted Towards Further Gains
The four-day rally in AUD/USD appears to be stalling as the exchange rate struggles to test the yearly high (0.7441).
USD/CAD has trended lower in recent days and now sits above confluence support near the 1.2600/1.2580 area. If this floor is breachedon the downside, a retest of the 2022 lows seems likely.
AUD/USD has rallied in recent days, and is now approaching key technical resistance near the 0.7420 area, where sellers could retake control of the market and trigger a pullback.
Canadian Dollar Forecast: USD/CAD Drops on Blowout Jobs Report