Australian Dollar Technical Outlook: AUD/USD Rally Gains Steam

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 …