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AUDUSD moves lower and into the swing area between 0.6869 and 0.6893
The Reserve Bank of Australia is expected to announce a 25 basis point hike to 3.35% from 3.10% in the new trading day in Australia (at 10:30 PM ET).
The expected rate hike is not helping to push up the AUDUSD. After reaching a high of 0.7157 on Thursday, sellers have been moving the price in the downward direction at a quick pace.
On Friday, the US jobs report sent the dollar moving to the upside and the AUDUSD lower.
Today after a lower opening, the price tried to rall... Read More
Posted: Feb 6 2023, 15:12
Author Name: forexlive
Views: 110733