View full page at forexfactory.com

 

AUD/USD Forecast: Dangerously close to the 0.7700 support area

From fxstreet.com

{chart} The AUD/USD pair ended Tuesday in the red around 0.7708, after reaching 0.7815 during Asian trading hours, its highest since mid-March. The Reserve Bank of Australia published the Minutes of its latest meeting, which showed that policymakers remain committed to the “highly supportive” monetary policy, reiterating that they don’t expect to reach employment and inflation targets until 2024 at the earliest. The pair fell alongside equities but retained the 0.7700 threshold as gold prices ticked higher. This Wednesday, Australia will publish the March Westpac Leading Index, previously at 0.02% and the preliminary ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis