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 Crashes Below Key Support Be...

April 04, 2025

Market Insights

DOW JONES ANALYSIS

February 05, 2025

Market Insights

Gold resumes its record breaking journey...

March 18, 2025

Market Insights

Gold remains rangebound as investors awa...

July 30, 2025

Market Insights

AUDUSD sustaining on daily support.

November 13, 2024

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window