Australian Dollar Price Forecast: Consolidation remains the name of the game
The Australian Dollar (AUD) regained balance on Thursday, reversing two consecutive days of losses and breaking above the 0.6500 barrier once again, hitting two-day highs.

The Australian Dollar (AUD) regained balance on Thursday, reversing two consecutive days of losses and breaking above the 0.6500 barrier once again, hitting two-day highs.
The EUR/USD pair trades uneventfully around the 1.1600 level, confined to a tight range for a second consecutive day, amid the absence of a relevant catalyst. The United States (US) government shutdown continues, which means no relevant macroeconomic data is being released.
EUR/USD remains under bearish pressure as traders await US inflation data, with support at 1.1570 and resistance near 1.1730 potentially shaping the next move.
Gold (XAU/USD) remains in a bullish trend despite sharp profit-taking, with prices stabilizing near key psychological support at $4,000.
The USD/MYR remains tightly range-bound near 4.2285 as traders await the upcoming Fed decision, with support at 4.2175 and resistance at 4.2315.
The USD/RUB pair is consolidating near 81.19 with reduced volatility, as traders watch for resistance at 82.40 and support at 80.00 in a quiet market environment.