AUD/USD: Consolidation Likely to Precede Fresh Push Higher

<p><img width="507" height="338" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-aud3.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" /></p>
<p>AUDUSD is holding within a near-term sideways mode after larger rally stalled at strong resistance zone at 0.6582/87 (50% of 0.6894/0.6270 / 200DMA) but subsequent weakness was short-lived as Aussie dollar received fresh support from hawkish RBA chief’s comments. Long upper shadow on Tuesday’s daily candle and long tail on Wednesday’s signal indecision and signal […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/528542-aud-usd-consolidation-likely-to-precede-fresh-push-higher/">AUD/USD: Consolidation Likely to Precede Fresh Push Higher</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>