AUD/USD Price Analysis: Refreshes fortnight top near 0.6250 on RBA optimism, US NFP eyed AUDUSD RBA Technical Analysis NFP ChartPatterns
, during early Friday. In doing so, the Aussie pair rises to a fresh high in two weeks, around 0.6735 by the press time, as market players await the key US jobs report for April.
That said, RBA’s quarterly Statement on Monetary Policy , also known as the Monetary Policy Statement , showed readiness for further rate hikes and defended hawks after surprising markets with a 0.25% rate lift earlier in the week. Also positive for the AUD/JPY pair were the upbeat economic forecasts and statements citing inflation fears in the Pacific major, not to forget hopes for China’s upbeat economic growth.
Adding strength to the upside bias is the strongest bullish MACD signal in three weeks, as well as an upbeat RSI line, not overbought. With this, the AUD/USD bulls appear well-set to refresh the multi-day high by approaching the 100-DMA hurdle of around 0.6790. Following that, April’s peak of near 0.6810 may gain the market’s attention.AussieIt’s worth noting that a one-week-old ascending trend line, around 0.6655, acts as an extra filter towards the south before giving control to the AUD/USD bears.
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