The Australian dollar (AUD) has recently experienced significant fluctuations, falling to a 13-month low as markets adjust to expectations of a cautious stance from the Reserve Bank of Australia (RBA). Analysts are closely monitoring the AUD/USD exchange rate, which is influenced by resistance levels in the USD/CNH pair. Recent job figures have prompted speculation that other central banks may implement interest rate cuts to support their economies. Despite these challenges, some analysts suggest that the AUD may be on the verge of a bullish trend following a breakout through a key resistance level. Strong Australian economic data has also led to a reassessment of imminent rate cuts, indicating a potential short-term rebound for the AUD/USD pair.
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AUDUSD Technical Analysis – Strong Australian data pushes out imminent rate cut https://t.co/gJWMMpKmSH
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