Brian greets you all!
Currently, the Australian Dollar (AUD) continues to suffer losses on Tuesday due to the strengthening of the US Dollar (USD) and the surge in US Treasury bond yields. Additionally, the AUD/USD pair is under pressure following the interest rate decision by the Reserve Bank of Australia (RBA).
Looking at the AUD chart, it is currently moving sideways with a slight downward bias. There is a possibility that if it breaks this trend, the AUD may experience a drop with prices potentially touching 0.627 and possibly even lower at 0.620.
Currently, the Australian Dollar (AUD) continues to suffer losses on Tuesday due to the strengthening of the US Dollar (USD) and the surge in US Treasury bond yields. Additionally, the AUD/USD pair is under pressure following the interest rate decision by the Reserve Bank of Australia (RBA).
Looking at the AUD chart, it is currently moving sideways with a slight downward bias. There is a possibility that if it breaks this trend, the AUD may experience a drop with prices potentially touching 0.627 and possibly even lower at 0.620.
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US ISM Manufacturing PMI improved in September from August’s reading. The Manufacturing Employment Index (Sep) also showed improvement but Manufacturing Prices Paid declined in said month.
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good luck
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At the time of the survey, the US Dollar Index (DXY) measuring greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.15%; to 107.06.
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