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
Gold Consolidates Near $2,940 Amid Resis...
February 25, 2025
Market Insights
Dow Jones Breaks Out of Bullish Flag For...
May 20, 2025
Market Insights
US Tech 100 Testing Key Levels Resistanc...
June 09, 2025
Market Insights
DOW JONES making a Bullish Flag in One H...
April 01, 2025
Market Insights
Gold stays firm after achieving a fresh...
March 17, 2025
Market Insights
US Tech 100 Rejects Resistance at 23,263...
July 22, 2025
Market Insights
