Optimuss2

Australian currency can recover

OANDA:AUDUSD   Australian Dollar / U.S. Dollar
The Australian dollar faces downward pressure due to the strong US dollar. Australia ensures a stable energy supply for Japan, creating an investment environment in Australia. Strong US nonfarm payrolls underpinned the strength of the US Dollar (USD).

Australia commits to ensuring a stable energy supply to Japan during the 5th Japan-Australia Ministerial Economic Dialogue. This agreement reflects the strategic partnership between the two countries, emphasizing the important of a steady and reliable flow of energy resources, which may include sectors such as coal and liquefied natural gas (LNG).

The recovery rhythm will soon return according to the latest USD data released.
The two price ranges to note are 1.63300 and 1.63600 when price retest
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