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
GERMANY FY2025 revenue is expected to sl...
November 13, 2024
Market Insights
DOW JONES bounce back from daily support
February 20, 2025
Market Insights
DAX sharp fall after FOMC
December 19, 2024
Market Insights
Stock market today: S&P 500 closes highe...
November 19, 2024
Market Insights
Multiple Bullish Reversals form on Gold'...
July 08, 2025
Market Insights
Gold Prices Eye Fresh All-Time Highs Aft...
February 24, 2025
Market Insights
