Looking at bullish set up
AUD/USD bounced sharply and revisited the 0.6470 zone.
The US Dollar kept a vacillating tone at the beginning of the week.
The RBA is expected to keep its OCR unchanged on Tuesday.
The US Dollar (USD) traded in an irresolute fashion on Monday, gyrating around the key 106.00 zone when gauged by the Dollar Index (DXY). Meanwhile, the Australian Dollar (AUD) managed to regain strong balance, staging a pronounced rebound to the 0.6470 region after bottoming out near 0.6380 during early trade.
The US Dollar kept a vacillating tone at the beginning of the week.
The RBA is expected to keep its OCR unchanged on Tuesday.
The US Dollar (USD) traded in an irresolute fashion on Monday, gyrating around the key 106.00 zone when gauged by the Dollar Index (DXY). Meanwhile, the Australian Dollar (AUD) managed to regain strong balance, staging a pronounced rebound to the 0.6470 region after bottoming out near 0.6380 during early trade.
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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.