AUDUSD H4 14 March 2024

AUD/USD, H4 14 March 2024

AUD/USD edged higher as markets anticipated a potential Federal Reserve interest rate cut in June, despite sticky inflation data. Contrastingly, the Reserve Bank of Australia (RBA) hints at potential rate hikes amidst elevated inflammation levels, signalling divergent monetary policies between the two central banks.

AUD/USD is trading higher while currently testing the resistance level. Suggesting the pair might extend its gains


Resistance level: 0.6645, 0.6680📉

Support level: 0.6585, 0.6535📈