AUDUSD faces pressure at key technical level ahead of RBA rate decision ...Middle East

forex live - News
AUDUSD faces pressure at key technical level ahead of RBA rate decision
The AUDUSD pair is currently facing significant pressure as it tests a key technical level: the 200-hour moving average, located at 0.66048. This level is crucial, as it coincides with an upward-sloping trendline. A break below this moving average could shift focus towards the 200-day moving average at 0.65791. On the flip side, if the pair manages to hold above this support level, it would remain in a neutral zone, bounded by the 100-hour moving average above at 0.6632 and the 200-hour moving average below.Market participants are also closely watching the upcoming decision from the Reserve Bank of Australia on interest rates, scheduled for 10:30 PM ET on Tuesday. The central bank previously

Hence then, the article about audusd faces pressure at key technical level ahead of rba rate decision was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( AUDUSD faces pressure at key technical level ahead of RBA rate decision )

Apple Storegoogle play

Last updated :

Also on site :