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Home / Forex Analysis / AUD/USD Price Aiming at 0.6900 Level Ahead of RBA’s Rate Hike

AUD/USD Price Aiming at 0.6900 Level Ahead of RBA’s Rate Hike

Posted by: Forex Crunch in Forex Analysis July 4, 2022

The AUD/USD pair maintains a bearish bias despite the current rebound. It could retest the immediate support levels before jumping higher again. Only a valid breakout above the downtrend line may activate a larger rebound. The AUD/USD price rallied in the short term as the USD was weakened by DXY’s sell-off. Technically, the bias remains … Continued
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