AUD/USD is expected to trade sideways in the near term, with a bearish bias overall. The market remains range-bound, and any rallies should be sold at resistance levels, as the broader trend is down. The Reserve Bank of Australia (RBA) is anticipated to cut rates, which could put additional pressure on the Aussie, reinforcing the overall negative outlook for the pair. Watch for confirmation at key levels before entering trades, with the focus on selling at resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.