AUD/USD Technical Analysis

XForexTrade Updates

AUD/USD Poised for Short-Term Rebound as Dollar Index Nears Key Level

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The US dollar index moved within a three-point range around the 100 mark on Monday, finishing at a six-month high. A few weeks ago, it is pointed out 100 as a possible target for bullish movements. If momentum decreases from here, it could indicate wave C of a flat ABC correction. This remains an essential … Read more

XForexTrade Updates

AUD/USD Falls as Fed Hawkishness Weighs Ahead of RBA Decision

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The AUD/USD exchange rate experienced a decline over three consecutive days as market participants responded to the Federal Reserve’s hawkish stance on interest rate cuts. The price has declined to the 50-day moving average, with attention now turning to the forthcoming decision by the Reserve Bank of Australia. The AUD/USD pair experienced a decline as … Read more