menu search

AUDUSD moves lower and into the swing area between 0.6869 and 0.6893

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

Search within

Pages Search Results: