AUD/USD, H4 13 March 2024
The Australian dollar, while experiencing a slight retreat from its recent bullish momentum against the U.S. dollar, continues to follow an upward trajectory in the AUD/USD pair. Traders are carefully positioning themselves ahead of the Reserve Bank of Australia (RBA) interest rate decision scheduled for next week. Market expectations lean towards the RBA adopting a relatively hawkish stance, considering Australia's high inflation rate and stable GDP growth.
The AUD/USD pair has found support and traded sideways after easing slightly from its recent peak. Suggesting the bullish momentum is easing.
Resistance level: 0.6617, 0.6660📉
Support level: 0.6560, 0.6535📈
The Australian dollar, while experiencing a slight retreat from its recent bullish momentum against the U.S. dollar, continues to follow an upward trajectory in the AUD/USD pair. Traders are carefully positioning themselves ahead of the Reserve Bank of Australia (RBA) interest rate decision scheduled for next week. Market expectations lean towards the RBA adopting a relatively hawkish stance, considering Australia's high inflation rate and stable GDP growth.
The AUD/USD pair has found support and traded sideways after easing slightly from its recent peak. Suggesting the bullish momentum is easing.
Resistance level: 0.6617, 0.6660📉
Support level: 0.6560, 0.6535📈
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.