AUD/USD Holds Above 0.6200 as Traders Await US PCE Data Release
The AUD/USD pair is experiencing some support near the 0.6215 area as it attracts dip-buyers on Friday. This upward movement represents the second consecutive positive day for the pair. Despite the gains, the pair lacks strong bullish conviction and currently trades around the mid-0.6200s. This positioning places it close to multi-year lows, reflecting broader market sentiments as traders anticipate upcoming US PCE data that could influence future price movements. The economic landscape remains closely monitored by investors.
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