Is it the end of the Australian dollar's rally? After three days of gains, it is down by 0.32% today

Published: November 25 2022, 12:41 GMT+0

Is it the end of the Australian dollar's rally? After three days of gains, it is down by 0.32% today

Struggling to find upward momentum, AUD/USD has shed 21 pips to currently trade at 0.6744 as it ranges between 0.6732 and 0.6782 so far today.

Though the Australian dollar has been dropping, other pairs have been performing better: USD/JPY improves 0.51% to trade around 139.3. USD/CHF is up 0.31%. EUR/JPY is up 0.33%.

Furthermore, Australia CFTC AUD speculative net positions scheduled to come out today at 19:30 UTC.

Having set a significant low of 0.6213 a month ago, the Australian dollar is trading 8.89% higher.

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