AUD/USD Price Analysis: Approaches 0.6700 as USD Index extends downside AUDUSD RBA Inflation DollarIndex SupportResistance
On a broader note, the USD Index is expected to remain sideways as investors are awaiting the release of the United States ConsumerThe Australian Dollar has gained strength as the street is anticipating that the Reserve Bank of Australia will keep raising interestfurther despite deteriorating Australian economic prospects. A poll from Reuters showed that the RBA would raise its Official Cash Rate further by 25 basis points to 4.35%.
The Aussie asset has climbed above the 20-period Exponential Moving Average at 0.6607, which indicates that the short-term trend has turned bullish.
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