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AUD/USD stays under pressure as RBA stays on the sidelines

The pair is down 0.4% to 0.6340 on the day and testing the lower boundaries set out since August trading just under 0.6360 currently. Price action has been caught in a ping pong range for the most part but with the dollar also running rampant amid higher yields, sellers look to be taking the initiative to drive AUD/USD lower at the moment.A firm break below the September low of around 0.6330 will likely set off the next downside leg towards 0.6200, considering the lack of technical support.Highe... Read More

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Posted: Oct 3 2023, 04:16

Author Name: forexlive

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