AUD/USD Maintains Strength, Focus On RBA Official Speech & US PCE Price Index

94

AUD/USD stabilized after gains as traders focused on the 200-day moving average and the upcoming Australian Consumer Confidence Index.

There were mixed messages from Fed officials about a rate cut, in contrast to the optimism that could come from upcoming comments from the Reserve Bank of Australia.

Geopolitical tensions and global economic indicators may influence risk appetite and influence the direction of AUD/USD.

AUD/USD opened almost flat after a solid 0.41% gain on Monday in Asia.