The AUD/USD pair traded as low as 0.6484 on Thursday, but it trimmed most of its intraday losses and heads into the daily close trading around 0.6520.
AUD/USD Current Price: 0.6518 Most markets will be closed on Friday amid the Easter Holiday. Australian Consumer Inflation Expectations remain well above the RBA’s inflation goal. AUD/USD briefly traded below the 0.6500 mark, may resume its decline in the near term. The US Dollar turned firmly higher mid-European session, as market players assessed comments from US Federal Reserve official Chris Waller indicating that he is not in a rush to trim interest rates.
In the Asian session, only Japanese markets will be opened normally, although market activity is expected to remain reduced until next week. AUD/USD short-term technical outlook The AUD/USD pair is closing with modest losses for a third consecutive day, although lower lows favor a downward extension in the coming days. The daily chart shows the pair hovers just below the 61.8% Fibonacci retracement of the 0.6441/0.6666 rally at 0.6527, the immediate resistance level.
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