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Back Technical analysis
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Back Technical analysis
AUD/USD. The Pair's Decline May Continue
The pair remains under pressure amid
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The pair remains under pressure amid renewed expectations of interest rate hikes in the United States, while Australia's central bank is expected to maintain its pause. Weak conditions in the Australian labor market are discouraging the Reserve Bank of Australia (RBA) from resuming rate hikes, which is weighing on the Australian dollar.From a technical perspective, the pair is trading at the resistance level of 0.6935.Technical Outlook and Trading Idea:The price is at the lower Bollinger Band, below the SMA 5
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