Aussie remains range bound above the 0.7100 threshold needs a directional catalyst AUD AUDUSD $AUD $AUDUSD
mood amid hopes that the Western world would avoid a war in Ukraine. Russia has confirmed it would start pulling troops from the border, despite comments from President Vladimir Putin indicating he is not satisfied with how negotiations are going.
On Wednesday, the focus will be on the US as Australia will not release relevant macroeconomic figures. The AmericanAUD/USD short-term technical outlook The 4-hour chart offers a similar picture, as the pair keeps trading between mildly bearish moving averages as technical indicators seesaw around their midlines. An immediate Fibonacci support level comes at 0.7100, with a break below it exposing the 0.7050. Bulls may have better chances if the pair manages to extend its gains above 0.7180.View Live Chart for the AUD/USD
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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