The Australian Dollar (AUD) is gaining ground against the US Dollar (USD) on Thursday, as the AUDUSD currency pair tests the critical 50- and 100-day Simple Moving Average (SMA) cluster. This upward momentum is largely fueled by trader expectations that the Reserve Bank of Australia (RBA) will maintain its current monetary policy during the upcoming December meeting, while also upholding a hawkish stance.
As the exchange rate reflects these shifting sentiments, the AUD's resilience is indicative of broader market confidence. Analysts are closely monitoring the interplay between the RBA's decisions and global economic indicators, as any signs of tightening could further bolster the Australian Dollar against its USD counterpart, influencing trading strategies in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-11-27 18:26
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.