AUD/USD Nears Critical Support Level Amid Monetary Policy Divergence
The AUD/USD currency pair currently finds itself at a crucial support level. Since late October, the pair has been trapped in a downtrend primarily attributed to differing monetary policies. While the Federal Reserve has embarked on interest rate cuts, the Reserve Bank of Australia has remained inactive. As this dynamic unfolds, traders should watch for potential fluctuations and reversals as the pair approaches these significant technical thresholds.
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