AUD/USD Resistance Levels and ASX Opportunities Before CPI Release
Tuesday, 27 August 2024, 17:58
AUD/USD Squares Up to Resistance
The currency pair AUD/USD squares up to resistance as upcoming CPI data looms large on the horizon. US consumer sentiment has recently surged, climbing to a six-month high, indicating a positive economic shift that traders are keen to capitalize on.
ASX Bulls Searching for Dips
Meanwhile, ASX bulls are on the lookout for dips in order to strengthen their positions. With the expectations index moving above 80 for the second consecutive month, market experts speculate heightened investments in Australian equities.
- Key Resistance Levels in AUD/USD
- Market Dynamics in light of CPI
- Investment Strategies for ASX Traders
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.