AUD/USD Price Analysis: Rising wedge confirmation teases bears below 0.6680 previous support AUDUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
AUD/USD grinds near intraday high surrounding 0.6650 amid Monday’s sluggish Asian session, portraying mildly positive sentiment after a week of pessimism and volatility. The Aussie pair cheers hopes of easing banking fears while also cheering news suggesting the challenges for the Federal Reserve’s rate hikes.USD/JPY is up 0.1% on the day and has traveled between 130.49 and 131.05 so far while the mood remains jittery after shares in Deutsche Bank fell 8.5% on Friday.
The XAU/USD exchange rate experienced a dip from the $2,000 mark as US authorities reassured investors of their strong commitment to addressing any potential issues in the banking sector. This assurance, coupled with a slightly stronger US dollar and a recovery in equity markets, has contributed to the decline in Gold prices.
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