The AUD/USD currency pair opened the week in a consolidation phase, trading around 0.6550 on Monday morning. This price action reflects a market on pause, as FX traders anticipate a key monetary policy announcement from the Reserve Bank of Australia (RBA) on Tuesday. The pair is hovering just below the critical resistance level of 0.6590, which marks its year-to-date high, and sits nearly 10% above the 2024 low of 0.5915, reached in April. The brokers at Aurudium provide a comprehensive breakdown of this topic in their latest article. RBA Rate Decision in Focus The RBA interest rate decision is undoubtedly...
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