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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.