Technical Analysis

The AUDUSD is trading at session highs and trading up 0.70% on the day. The gain is only behind the NZDUSD which has moved up 0.80% so far today. The rise is being helped by a divergence of rates. The FOMC yesterday kept rates unchanged with what was perceived as a more dovish tilt. Meanwhile,
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Crude Oil prices remained supported in the past three weeks as the geopolitical risk in the Middle East stayed high around the Israel-Hamas war and possibility of a larger conflict comprising other Arab countries, especially Iran. The market is now looking past the conflict as the we haven’t seen any larger escalation even after the
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