FX.co ★ torp.paris | AUD/USD

It is worth noting that nothing has really changed for the AUDUSD pair, as we continue to trade within the same range. The main trend still remains upward, and today we even attempted to grow again, reaching up to 0.7050. This is not surprising, as the Reserve Bank of Australia raised the interest rate, albeit within expectations. On the other hand, we have not been able to break the local area around 0.69, and now we are trying to decline again. Of course, it is also important to see how the dollar will continue to trade, as there is still more data to come. Personally, I am looking south, so if we manage to climb back above 0.7030, I will sell there with a stop above today's highs.