The $AUDUSD pair rose to the highest level since March 7th as investors predicted that the Reserve Bank of Australia (RBA) will also embrace a hawkish tone in the next few months.
Enter your emailThe pair will likely keep rising on Monday as bulls target the key resistance at 0.7445.Timeline: 1 day.The AUD/USD pair rose to the highest level since March 7th as investors predicted that the Reserve Bank ofThe pair rose to a high of 0.7413, which was about 3.50% above the lowest level this month.The AUD/USD has rebounded as investors expect that the RBA will turn its market sentiment in the coming months.
Another catalyst for the AUD/USD pair is that commodity prices have held steady, meaning that demand for the Australian dollar will remain as exports rise.
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