The AUDUSD pair is facing challenges not only from developments in China and the US but also from Australia. The deceleration in inflationary pressure may cancel the RBA’s next cash rate hike. What impact will this have on the Australian dollar? Let’s discuss these topics and make a trading plan.
Highlights and key points
Slowing inflation in Australia deprives the AUDUSD pair of its advantages.
China’s economy is experiencing a downturn.
Deteriorating global risk appetite is weighing on the aussie.
Short trades can be opened if the pair rebounds from the resistance levels of 0.6505-0.6515 and 0.655.
Weekly Australian dollar fundamental forecast… Read full author’s opinion and review in blog of #LiteFinance
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