Overall, AUD/USD is trending downwards. Recently, AUD/USD tested but failed to break above the key level of 0.73.
During the monetary policy meeting yesterday, the Reserve Bank of Australia kept its monetary policy unchanged. At the same time, the central bank highlighted that it does not expect a hike in interest rate before 2024 as inflation expectation is unlikely going to be met before then.
AUD/USD’s next support zone is at 0.72200 and the next resistance zone is at 0.73300.
Look for selling opportunities of AUD/USD.
During the monetary policy meeting yesterday, the Reserve Bank of Australia kept its monetary policy unchanged. At the same time, the central bank highlighted that it does not expect a hike in interest rate before 2024 as inflation expectation is unlikely going to be met before then.
AUD/USD’s next support zone is at 0.72200 and the next resistance zone is at 0.73300.
Look for selling opportunities of AUD/USD.