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

DAX making H&S in 1HR time frame

November 27, 2024

Market Insights

DAX making a Wedge pattern

December 30, 2024

Market Insights

Gold Holds Near $2,685 Amid Fed Rate Cut...

November 08, 2024

Market Insights

Gold holds below record highs amid risk-...

April 17, 2025

Market Insights

Maddy

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window