<\/p>\n
\n Share:<\/span><\/p>\n The AUD\/USD suffered significant losses in Tuesday’s session, reaching a daily low near 0.6400 with a decline of 1.05% and then stabilising around 0.6420. The Reserve Bank of Australia (RBA) hiked rates by 25 bps to 4.35% and left the door open to further increases, but the USD strength is pushing the pair downwards.<\/p>\n In line with that, the daily chart highlights a neutral to the bearish technical outlook for the AUD\/USD, as signs of bullish exhaustion become evident after last week\u2019s rally. The Relative Strength Index (RSI) has a negative slope above its midline, indicating weakening buying pressure, while the Moving Average Convergence (MACD) lays out lower green bars. Furthermore, the pair is above the 20-day Simple Moving Average (SMA) but below the 100 and 200-day SMAs, suggesting that the bears are in control of the larger context while bulls are still resilient, holding some momentum in the shorter time frame.<\/p>\n Indicators<\/a> on the four-hour chart<\/a> turned somewhat flat after sharply declining during the Asian session, indicating that the pair may face a consolidation in the short term.<\/p>\n Supports: 0.6400, 0.6365 (20-day SMA), 0.6350. \u00a0<\/p>\n \u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Share: The AUD\/USD declined to a low near 0.6400, seeing 1.05% losses Despite the \u00a0hiking by 25 bps the AUD failed to gain momentum Indicators on the daily chart are starting to favour the bears. The AUD\/USD suffered significant losses in Tuesday’s session, reaching a daily low near 0.6400 with a decline of 1.05% and […]<\/p>\n","protected":false},"author":2,"featured_media":7828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[377,201,248,251,246,257,276,255,250,277,252,247,253,249,308,256,254],"class_list":["post-189104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-audusd","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/189104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=189104"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/189104\/revisions"}],"predecessor-version":[{"id":189106,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/189104\/revisions\/189106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7828"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=189104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=189104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=189104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Resistances: 0.6440, 0.6460, 0.6500 (100-day SMA).<\/p>\nAUD\/USD Daily chart<\/h2>\n<\/p>\n