Fundamental

AUD/USD Forex Signal: Hawkish Rate Hike Sends Price to $0.7050 Today’s unanimous rate hike and improving risk sentiment sends the Aussie higher.

The AUD/USD pair builds on the previous day’s bounce from the vicinity of the 0.6900 mark and gains strong positive traction on Tuesday in reaction to the Reserve Bank of Australia’s (RBA) hawkish interest rate hike.

EUR/USD gains traction and trades in positive territory above 1.1800 on Tuesday after posting losses for two consecutive trading days. The pair’s technical outlook highlights an easing of bearish pressure.

Gold is reversing a part of the 15% correction from record highs of $5,598 early Tuesday, drawing support from uncertain-led by the US partial government shutdown and a broad US Dollar retreat.

EUR/USD comes under fresh selling pressure, breaking below the 1.1800 support and extending the leg lower following last week’s multi-year peaks in levels close to the 1.2100 barrier.

Spot Gold edged sharply lower on Monday, falling to $4,402 a troy ounce, its lowest in roughly a month.