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BTC/USD: Slanted Bearish Head & Shoulders Chart Pattern
The AUD/USD exchange rate retreated for three consecutive days as traders reacted to the Federal Reserve's hawkish interest rate cut. It dropped to the 50-day moving average as focus now shifts to the upcoming Reserve Bank of Australia (RBA) decision. The AUD/USD pair fell as the US dollar jumped following the October interest rate decision. The bank decided to cut interest rates by 0.25% to a range of 3.75% to 4%. It cited the worsening labor market and the fact that inflation has been a bit moderated. In his statement, Jerome Powell noted that the bank may not cut interest rates in the next meeting, as analysts and ... (full story)
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