FxWirePro reported that the AUD/USD pair is currently stuck in a range but the bias remains bullish. The Australian dollar and the US dollar have been trading within a certain range recently, showing limited movement. However, the overall sentiment towards the pair is leaning towards a bullish outlook.
Investors are closely watching for any developments that could potentially break the pair out of its current range. Market participants are keeping an eye on key economic indicators and events that could influence the direction of the AUD/USD pair.
Despite the current consolidation, analysts believe that the bias for the pair is still tilted towards the upside. Traders are advised to monitor any new developments that could potentially trigger a breakout in either direction.
Overall, the AUD/USD pair is currently range-bound but with a bullish bias. Investors are advised to stay updated on market developments and key events that could impact the pair’s movement.