The AUD/USD pair finds an interim resistance after extending recovery to near 0.6380 in the early New York session. The Aussie asset holds onto recove
AUD/USD advances to near 0.6380 despite a strong recovery in the US Dollar and bond yields. The Australian Dollar will remain on tenterhooks amid the release of the Q3 inflation data. A breakout of the Descending Triangle chart pattern results in wider ticks and heavy volume. ry despite a sharp recovery in the US Dollar and 10-year US Treasury yields, which demonstrates strength in the Australian Dollar.
1% growth rate recorded earlier. AUD/USD delivers a breakout of the Descending Triangle chart part pattern formed on a two-hour scale. A breakout of the aforementioned chart pattern results in wider ticks and heavy volume. Upward-sloping 20-period Exponential Moving Average at 0.6340 warrants more upside ahead. The Relative Strength Index shifts into the bullish range of 60.00-80.00, which indicates that bullish momentum has been triggered.
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