TRENDING:

GBP/USD

XAU/USD

AUD/USD hit 12-day low on dovish RBA Lowe's comments

RBA's Lowe sees interest rates staying low for longer, expresses concerns regarding stagnant labor productivity.
Lowe's dovish comments bolstered the already bearish technical setup in the AUD/USD pair.

Omkar Godbole FXStreet Contributor

The AUD/USD pair hit a 12-day low of 0.7556 after the Reserve Bank of Australia (RBA) governor Lowe said any increase in the country's official cash rates was still "some time away".

Lowe expressed concerns regarding stagnant labor productivity despite continued strength in the labor market and reiterated that wage growth and consumer price inflation remains tepid.

The central bankers' speech carried dovish tinge and that seems to have weighed over the Aussie dollar. The AUD/USD was already on the back foot courtesy of the bear flag breakdown and looks even weaker now post-Lowe's dovish comments.

At press time, AUD/USD is trading at 0.7563.

AUD/USD Technical Levels

Resistance: 0.7584 (resistance on hourly chart), 0.7602 (50-hour MA + 10-day MA), and 0.7624 (previous day's high).

Support: 0.7561 (June 8 low), 0.7544 (38.2% Fib R of May-June rally), 0.7513 (61.8% Fib R of May-June rally).

	TREND INDEX	OB/OS INDEX	VOLATILY INDEX
15M	Bullish	Neutral	Expanding
1H	Bullish	Oversold	Expanding
4H	Bearish	Neutral	Shrinking
1D	Bullish	Neutral	High
1W	Bearish	Neutral	Shrinking
Updated Jun 13, 03:30 GMT

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD rebounds after falling toward 1.1700

EUR/USD gains traction and trades above 1.1730 in the American session, looking to end the week virtually unchanged. The bullish opening in Wall Street makes it difficult for the US Dollar to preserve its recovery momentum and helps the pair rebound heading into the weekend.

GBP/USD steadies below 1.3400 as traders assess BoE policy outlook

Following Thursday's volatile session, GBP/USD moves sideways below 1.3400 on Friday. Investors reassess the Bank of England's policy oıtlook after the MPC decided to cut the interest rate by 25 bps by a slim margin. Meanwhile, the improving risk mood helps the pair hold its ground.

Gold stays below $4,350, looks to post small weekly gains

Gold struggles to gather recovery momentum and stays below $4,350 in the second half of the day on Friday, as the benchmark 10-year US Treasury bond yield edges higher. Nevertheless, the precious metal remains on track to end the week with modest gains as markets gear up for the holiday season.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid bearish market conditions

Bitcoin (BTC) is edging higher, trading above $88,000 at the time of writing on Monday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are following in BTC’s footsteps, experiencing relief rebounds following a volatile week.

How much can one month of soft inflation change the Fed’s mind?

One month of softer inflation data is rarely enough to shift Federal Reserve policy on its own, but in a market highly sensitive to every data point, even a single reading can reshape expectations. November’s inflation report offered a welcome sign of cooling price pressures.

XRP rebounds amid ETF inflows and declining retail demand demand

XRP rebounds as bulls target a short-term breakout above $2.00 on Friday. XRP ETFs record the highest inflow since December 8, signaling growing institutional appetite.

Legal Text

Markets move fast. We move first.

Editor's Picks

Best Brokers in 2025