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AUD/USD: Symmetrical Triangle Pattern Forms
The AUD/USD exchange rate was unchanged this week after the Reserve Bank of Australia (RBA) left interest rates unchanged on Tuesday. It was trading at 0.6270 on Wednesday, down by 2.25% from its highest point ths year. US Liberation Day and NFP data ahead The AUD/USD pair reacted mildly to the second RBA meeting of the year. In it, it left interest rates unchanged at 4.10%, with officials expressing concerns about inflation in the country. Their concern is that, while inflation has moderated in the past few months, there was a risk that it will bounce back in lighter conditions. The bank also noted that the labor ... (full story)
