The Australian dollar, appreciated against the greenback after the Reserve Bank of Australia left its benchmark interest rate unchanged at 3%. For today, we expect the Aussie to continue its upward trend after a small correction.
Here is our outlook for the AUD/USD for 6th March:
If you decide to take this trade let us know how it turned out
Best
TradeCuts
Although in the US session the Aussie declined, but before that it took our buy at 1.0263 and hit the Take Profit 1 at 1.0285 gaining 22 pips.
Best
TradeCuts
Thanks bro for sharing this, I took the trade.
THE dollar is slightly higher but trading in a narrow range as the market takes a breather following yesterday’s rally.
At 12pm AEDT today, the currency was trading at 103.68 US cents, up from 103.64 cents yesterday.
The Australian dollar rose to 104.02 US cents early this morning, its highest level since February 6, before giving up some of its overnight gains.