OUSD Governance Group Sets Capped Payment Fee and Partner Equity Pool

AUD/USD remained under pressure after the Reserve Bank of Australia raised interest rates to 4.85%, with the pair trading near 0.7000 after last week’s advance faded. Technical traders are watching 0.7055 as resistance and 0.6900 as a potential downside target while US labor data comes into focus.

Gold’s decline from its final top has matched the 17.5 percent slide seen before the major 2013 breakdown, reinforcing a cautious technical outlook. Chart watchers are now focused on whether the metal moves toward about $3,500 before any larger rebound attempt.