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AUDUSD Technical Analysis

On the daily chart below, we can see that the price bounced near the key support at 0.6563 and eventually spiked up as the RBA surprised with an interest rate hike. The price action remains choppy as central banks are near the end of their tightening cycles and the market is uncertain on what’s next. The economic data keeps sending conflicting messages and the volatility is high around the regional banking woes in the US. AUD is sensitive to risk sentiment, so traders will need to ride the ups a... Read More

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Audusd

Technical

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Forex

Posted: May 3 2023, 10:24

Author Name: forexlive

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