The AUD/USD pair delivers an upside break of the consolidation formed in a range of 0.6430-0.6450 in the European session. The Aussie asset picks stre
, which will be announced on Wednesday.keeping interest rates steady at 5.25-5.50% as inflation is consistently cooling while economic prospects are strong. The labor growth in the United States economy has remained steady despite higher interest rates from the Fed. The Fed is expected to keep interestMeanwhile, the Australian Dollar will remain in action amid the interest rate policy by the People’s Bank of China , which will be revealed on Wednesday.
AUD/USD rebounds after discovering buying interest near the horizontal support plotted from August 17 low around 0.6364 on a two-hour scale. The Aussie asset stabilizes above the 50-day Exponential Moving Average , which trades around 0.6340. Potential resistance is plotted from August 15 high at 0.6522.
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