$AUDUSD pair will likely keep rising as bulls target the next key resistance level at 0.7200.
Trade AUD/USD NowThe AUD/USD has risen sharply in the past few weeks. The pair has risen from the year-to-date low of 0.6968 to a high of 0.7140.
The RBA concluded its meeting last week and also left rates intact and ended its asset purchases. In a separate speech, the bank’s governor hinted that rate hikes will likely keep rising later this year. He reiterated that the bank will continue being data-dependent.
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