Australian Dollar Technical Outlook: AUD/USD Rally Gains Steam
AUD/USD, Australian dollar - Technical Outlook:
- AUD/USD’s rally is gaining momentum.
- However, a pause/minor retreat can’t be ruled out ahead of the US Fed rate decision.
- What is the outlook and what are the key levels to watch?
AUD/USD TECHNICAL FORECAST - BULLISH
The Australian dollar’s rally against the US dollar is gaining momentum on growing optimism over China’s reopening and rising commodity prices.
AUD/USD has been nicely guided within a rising channel since October. Earlier this …