AUDUSD making a wedge pattern

AUDUSD was down on Monday after testing the high level of 0.6274 in the last trading session as the Australian dollar edged higher to around $0.62 on Monday as investors awaited the release of the Reserve Bank of Australia’s December policy meeting minutes, set to be published on Tuesday. Earlier this month, the central bank kept its key interest rate at 4.35%, aligning with market expectations. However, in a move that surprised many, the RBA hinted at the possibility of a rate cut as early as February next year, signaling a potential shift in its monetary policy stance to support economic growth.

Recent News

IMPORTANT DATA's FOR THIS WEEK

October 28, 2024

Market Insights

Gold Hits Record High Above $3,000 Bull...

March 20, 2025

Market Insights

DAX bounce back from Daily support.

November 11, 2024

Market Insights

GBP/JPY takes a breather from a two week...

March 06, 2025

Market Insights

Nasdaq 100 Approaching Key Support Zone...

March 13, 2025

Market Insights

AUDUSD made a Doji on daily time frame

December 12, 2024

Market Insights

Maddy

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window