$AUDUSD Forex Signal: On the Cusp of Another Bearish Breakdown . . . tradingsignals forexsignals $AUD $USD forextrading aussie
. It dropped to 0.6660, the lowest level since November 29. It has dropped by about 3.3% from its highest level this month.The AUD/USD declined slightly after the Reserve Bank of Australia published minutes of the meeting held earlier this week. In it, the bank decided to hike interest rates by 0.25% for the third straight month. It brought the official cash rate to 3.1%.
The AUD/USD price dropped after the US published mixed housing numbers. Data showed that building permits dropped by 11.2% in December to 1.34 million. Housing starts, on the other hand, dropped by 0.5% to 1.42 million. These numbers mean that the housing market is feeling the heat of the rising interest rates in the US.
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