AUD/USD fell over 1% from a multi-year peak as the US Dollar strengthened amid intensifying safe-haven demand. The hawkish Reserve Bank of Australia (RBA) may limit the downside, driven by escalating inflation pressures. The pair has retreated to a key technical inflection point between the 100-day MA (0.7072) and 200-day MA (0.7051), where the RSI […]
The post Retreating but Not Defeated: AUD/USD Bulls Find Hope in Technical Support and Hawkish RBA appeared first on ActionForex.
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