AUD/USD: Aussie Dollar Under Increased Pressure on Expectations that Interest Rate Has Peaked
Australian dollar remains in red for the second consecutive day, with bearish acceleration in early Wednesday, generating an initial signal of reversal, after recovery leg from 0.6563 Mar 10 low, stalled under 100DMA (0.6797). The Aussie came under increased pressure after the Reserve Bank of Australia stayed on hold on Tuesday, keeping its cash rate […] The post AUD/USD: Aussie Dollar Under Increased Pressure on Expectations that Interest Rate Has Peaked appeared first on Action Forex.
Australian dollar remains in red for the second consecutive day, with bearish acceleration in early Wednesday, generating an initial signal of reversal, after recovery leg from 0.6563 Mar 10 low, stalled under 100DMA (0.6797). The Aussie came under increased pressure after the Reserve Bank of Australia stayed on hold on Tuesday, keeping its cash rate […]
The post AUD/USD: Aussie Dollar Under Increased Pressure on Expectations that Interest Rate Has Peaked appeared first on Action Forex.
