Aussie is at risk of falling through the 0.7100 level during the upcoming sessions AUD AUDUSD $AUD $AUDUSD
ositive tone of Wall Street. US indexes maintained their positive tone throughout the session, despite renewed demand for the safe-haven greenback. The American currency gathered momentum following news indicating that Moscow does not believe they could reach a diplomatic solution with Ukraine. Even further, Russia announced a series of sanctions on US and Canadian leaders.
Data wise, Australia published the Q4 House Price Index, which was up 23.7% compared to the last quarter of 2021. Additionally, the Reserve Bank of Australia released the Minutes of its latest meeting. The document showed that policymakers are still convinced on keeping The 4-hour chart shows that further declines could be expected in the near term. The pair has broken below all of its moving averages and trades near a weekly low of 0.7164, the immediate support level. At the same time, technical indicators resumed their declines near oversold readings, reflecting sellers’ strength.View Live Chart for the AUD/USD
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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