The Australian Dollar (AUD) continues to gain ground, trading higher for the third successive day on Wednesday. The AUD/USD pair receives upward suppo
Australian Dollar moves upward toward a major level after stronger Aussie CPI data. Australia’s CPI climbed to 1.2% in Q3, exceeding the market consensus of 1.1%. US Dollar received upward support from upbeat PMI figures from the United States. rt due to the hawkish comments from Reserve Bank of Australia Governor Michelle Bullock.
The US Core Personal Consumption Expenditures and Australia’s Producer Price Index will be eyed on Friday. Technical Analysis: Australian Dollar hovers below the major resistance at 0.6400 The Australian Dollar hovers around the 0.6390 on Wednesday aligned with the major resistance at 0.6400. A breakthrough above this resistance holds the potential to reach around the 23.6% Fibonacci retracement level at 0.6429.
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