The Australian Dollar (AUD) is trading flat against the US Dollar (USD) on Wednesday, with the AUD/USD pair easing back to around 0.6738 after an initial surge prompted by Australia's recent inflation figures. This movement keeps the exchange rate near 15-month highs, reflecting ongoing strength in the Australian economy amidst global trading fluctuations.
However, an overbought Relative Strength Index (RSI) suggests a potential pullback could be on the horizon, despite the prevailing uptrend. Traders are closely monitoring these technical levels, as any correction may influence future trading strategies for this currency pair, especially in light of the broader economic context involving the USD and other major currencies like the Euro (EUR).
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Data Source: FX Killer Analysis Team Updated: 2026-01-07 15:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.