AUDUSD - Will the Downtrend Continue as RBA keeps rates on hold?

Join Luca Santos, Technical Market Analyst, in this insightful video as he delves into the AUDUSD currency pair and explores whether the downtrend will persist, especially in light of the recent decision by the Reserve Bank of Australia (RBA) to keep interest rates unchanged.

Daily Global Market Update

Bitcoin and other assets like NIO stock, AUD and gold saw modest gains. Oil prices rose on supply concerns. US dollar strengthened on Fed rate cut expectations and upcoming US elections. Crypto exchanges Binance and Crypto.com are losing market share. Watch out for upcoming economic events like US Fed Beige Book and Eurozone Consumer Confidence.

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Daily Global Market Update

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EURUSD	1.07834	GBPUSD	1.29853	AUDUSD	0.66582
USDJPY	152.677	USDCAD	1.38259	USDCHF	0.86761