Tag: Australian dollar exchange rate

The AUD/USD pair continued its decline last week, falling from 0.6491. This week, the initial bias remains on the downside, with a target of 0.6421, which is the 61.8% projection of the move from...

Australian inflation, as measured by the Melbourne Institute's Consumer Price Index (CPI), saw a slight increase of 0.1% in September 2024. This uptick may have implications for the broader economy and consumers in Australia.It's...

RBA Policy Meeting: Interest Rates Expected to Remain SteadyAs the Reserve Bank of Australia (RBA) prepares to announce its rate decision following the upcoming policy meeting, all eyes are on whether the central bank...

Technical Analysis and TrendsThe Australian dollar to US dollar (AUD/USD) pair experienced a slight decline last week, reaching a low of 0.6621 before finding support at the 38.2% retracement level of 0.6348 to 0.6823...