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

Bullish technical setup emerges in Natur...

July 08, 2025

Market Insights

Time for caution in Gold & Bitcoin as Gr...

November 04, 2024

Market Insights

Dow Jones Holds Steady Near 44,050 Momen...

June 30, 2025

Market Insights

DAX tumble due to US Election

November 06, 2024

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window