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AUDUSD trades higher today ahead of RBA decision, but approaches key technical resistance

AUDUSD trades higher today ahead of RBA decision, but approaches key technical resistance
The AUD is the strongest of the major currencies today and the AUDUSD is one of the big gainers with a rise of 1.23%. The gains come after declines on Thursday and Friday of last week. They also come ahead of the Reserve Bank of Australia's interest rate decision on Tuesday. The expectations are for a 25 basis point hike.Technically, the move is took the price more toward the overhead moving average levels including the 200-day moving average and 100 are moving average (green step line and smoot... Read More
Posted: Jul 31 2023, 14:32
Author Name: forexlive
Views: 112188

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