AUDUSD sustaining on daily support.
AUDUSD was down on Wednesday after testing the high level of 0.6581 in the last trading session as The Australian dollar hovered around $0.653 on Wednesday, staying near its weakest levels in three months as the US dollar continued to gain strength, fueled by "Trump trades." These trades reflect market bets that Trump’s inflationary policies will constrain the Federal Reserve’s ability to lower borrowing costs. The aussie was also pressured by declines in iron ore, copper, gold, and oil prices, given Australia's status as a net exporter of commodities.
Recent News
Dow Jones at a Crossroads Resistance Hol...
April 24, 2025
Market Insights
US Tech 100 Consolidates Within Triangle...
March 21, 2025
Market Insights
Dow Jones Forms Bullish Flag Near 44,650...
July 25, 2025
Market Insights
EUR/JPY extends gains to 162.00 level, f...
March 17, 2025
Market Insights
Dow Jones Forms Bearish Head and Shoulde...
June 02, 2025
Market Insights
AUDUSD fall in a Channel.
November 15, 2024
Market Insights
