AUD/USD Forecast: Recommended Moves by Australia’s RBA Towards 0.7000
Thursday, 19 September 2024, 09:54
AUD/USD Price Outlook with RBA Recommendations
The AUD/USD forecast implies a potential upside as Australia's RBA is recommended to intensively support economic growth. Establishing a bullish trend, the four-hour chart signals a robust sentiment moving forward.
Resistance Levels
- Initial resistance at 0.6839
- Following resistance at 0.6871
Support and Growth Predictions
On the downside, preliminary support begins at 0.6780 as the market adjusts to favorable conditions suggested by the RBA.
Overall, the trajectory appears bullish with expectations that the 0.7000 level will be retested, reflecting positive currency momentum.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.