AUD/USD holds below 0.6800 as markets digest Powell’s Jackson Hole speech – FXStreet

The AUD/USD pair remains below the 0.6800 level as traders analyze Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. Powell’s comments have been closely watched by market participants, leading to a cautious approach in trading the currency pair. Investors are digesting Powell’s remarks on the US economy and the Fed’s future monetary policy decisions. As a result, the AUD/USD pair is holding steady below the key resistance level of 0.6800. Traders are waiting for further clarity on the Fed’s stance before making any significant moves in the currency pair.