Daily Market Updates: AUD/USD Price Forecast: Double bottom takes shape as RSI approaches 50

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AUD/USD Price Forecast: Double bottom takes shape as RSI approaches 50

Reported · Written up by our desk · Major Pairs

AUD/USD edges higher on Tuesday, extending its gains for the third consecutive day, supported by a pullback in the US Dollar (USD) from the 18-month highs touched last week, while the Reserve Bank of Australia’s (RBA) hawkish stance keeps underlying demand for the Australian Dollar (AUD) intact.

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FXStreetAUD/USD Price Forecast: Double bottom takes shape as RSI approaches 50

Forex

AUD/USD Price Forecast: Double bottom takes shape as RSI approaches 50

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