The Australian Dollar (AUD) attempts to halt its gains registered in the last two sessions as the US Dollar (USD) could gain ground on improved Treasury yields.
Australian Dollar depreciates as the US Dollar attempts to hold ground after recent losses. Australia employment data suggests that the RBA will avoid an interest rate hike in March. S&P/ASX 200 index improves following the overnight surge in Wall Street on market optimism. US Dollar holds ground over market sentiment suggesting that the Fed will postpone rate cuts in the upcoming meetings.
A breakthrough above the latter could lead the pair to target the 23.6% Fibonacci retracement level at 0.6543 and the major resistance level at 0.6550. AUD/USD: Daily Chart Australian Dollar price today The table below shows the percentage change of Australian Dollar against listed major currencies today. Australian Dollar was the weakest against the US Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD 0.12% 0.14% 0.14% 0.17% 0.25% 0.25% 0.16% EUR -0.14% 0.00% 0.01% 0.05% 0.13% 0.13% 0.04% GBP -0.
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