AUDUSD facing Daily Resistance
AUDUSD was up on Wednesday after testing the low level of 0.6482 in the last trading session as The Australian dollar climbed above $0.653 on Wednesday, marking its fourth straight session of gains, supported by a weaker US dollar and a hawkish outlook on Reserve Bank of Australia policy. The greenback ran into some profit-taking in recent sessions following a strong rally, while investors awaited news on US President-elect Donald Trump’s pick for Treasury Secretary. On the domestic front, minutes from the RBA's November policy meeting indicated that the central bank intends to maintain a restrictive monetary policy until it is confident that inflation is sustainably moving toward its target.
Recent News
US Tech 100 Nears Critical Resistance at...
June 05, 2025
Market Insights
Dow Jones Forms Double-Top Pattern, Risk...
October 01, 2025
Market Insights
Crude Oil Rebounds Strongly from Major S...
October 25, 2025
Market Insights
Gold Consolidates Near Key Support Will...
February 26, 2025
Market Insights
US30 Consolidates Above Support as Bulls...
May 02, 2025
Market Insights
Gold trades in the favour of bulls when...
March 27, 2025
Market Insights
