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AUD/USD Price Forecast: Aussie Dollar Pushing Toward Key Resistance – DailyFX
Fundamental factors have been favorable for higher AUD/USD price action which could extend throughout 2021. This sets the pair up for a potential close at fresh…
AUD/USD PRICE ANALYSIS
AUD/USD FUNDAMENTAL BACKDROP
This week has bolstered the Australian Dollar against the greenback largely due to a recent surge in commodity prices particularly iron ore prices (Australia’s biggest commodity export), after Chinese investors re-entered markets. Commodity prices are expected to continue the surge as long as the global recovery unfolds as expected. This could be a strong sign for further optimism around the Aussie Dollar however, a worrying sign for the RBA as…
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