The Australian Dollar made a strong upside movement against the US Dollar during the early hours of Tuesday’s trading session. The currency pair appreciated about 0.91% in value during the European trading session on Tuesday. This surge was attributed to the Australian macroeconomic data release.
Most likely, the exchange rate will make a brief retracement towards a support level formed by the 100-hour simple moving average at 0.7010 today.
Meanwhile, Skyisthelimit, Dukascopy YouTube host, is expected to create an aftermath analysis video of the RBA release.
