The Australian dollar is currently under pressure against the U.S. dollar, trading below key resistance levels. Recent technical indicators suggest weakening bullish momentum, and upcoming Australian inflation data may increase the likelihood of the Reserve Bank of Australia implementing further rate cuts. This monetary policy outlook adds to the bearish sentiment for the AUD.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.