Newsig · Forex News
AUDUSD Technicals: The sellers remain in control in the AUDUSD despite the RBA rate hike
The Reserve Bank of Australia raised its cash rate target by 25 basis points to 4.60% today, as expected. The RBA said inflation remains too high and left the door open to further tightening if needed. RBAYou might expect a rate hike to send the Australian dollar higher. Instead, AUDUSD extended the
Why it matters
AUD/USD (Australian Dollar / US Dollar) · Why linked: This news directly discusses the AUDUSD currency pair and its technical and fundamental drivers. Market context: Despite the RBA rate hike, sellers remain in control, suggesting the Australian dollar may continue to weaken against the US dollar.
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