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Enter your emailThe pair will likely keep rising as bulls target the key resistance point at 0.6930.Timeline: 1-2 days.AUD/USD pairThe pair is trading at 0.6852, which is slightly above this month’s low of 0.7760. This price is significantly lower than June’s high of 0.7288.The AUD/USD pair has been in a consolidation mode in the past few weeks as investors continue watching the actions by theIn its meeting this month, the RBA decided to hike interest rates by 0.
The case for another bigger hike was supported by the relatively strong economic data by the Bureau of Labor Statistics. The numbers revealed that the economy’s labor market is substantially stronger than what analysts were expecting.
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