AUD/USD Current Price: 0.6340 The Reserve Bank of Australia will release the Minutes of its latest monetary policy meeting. Demand for the US Dollar receded, but market players remain cautious. AUD/USD has limited bullish potential as long as it trades below the 0.6440 price zone. as investors remained concerned about the Middle East developments, although the absence of fresh news in the front helped high-yielding assets.
NZ CPI is foreseen at 5.9% QoQ, easing slightly from 6% in Q2. AUD/USD short-term technical outlook The daily chart for the AUD/USD pair shows a strong static support level at 0.6285, bouncing from the level for two consecutive weeks. The level is also a 2023 low, and the pair may be developing a double floor figure. The neckline comes at 0.6444, the October 10 high, and bulls could retake control of the pair on a break above it.
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Source: FXStreetNews - 🏆 14. / 72 Read more »