The Australian Dollar (AUD) has extended its rally against the US Dollar (USD), buoyed by strong technical indicators and supportive external factors. Currently trading at 0.6615, the AUD/USD currency pair is drawing closer to critical resistance levels, indicating potential for further gains.
According to OCBC's FX analysts, Frances Cheung and Christopher Wong, the recent upward momentum in the AUD may lead to increased volatility in the exchange rate if it successfully breaks through these resistance points. Traders are closely monitoring the market for any shifts that could influence this rising trend, particularly in light of ongoing global economic developments.
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Data Source: FX Killer Analysis Team Updated: 2025-12-04 08:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.