In Australia, the confrontation between investors and the Reserve Bank is gaining momentum. The former are convinced the monetary policy easing will start in 2024, but the central bank insists they are wrong. Let’s discuss this topic and make a trading plan for the AUDUSD pair.
Highlights and key points
The derivatives market predicts a decline in the Australian cash rate in 2024.
The return of carry trades is the main driver of the AUDUSD rally.
Short trades can be opened if the pair falls below 0.661 or rebounds from 0.6645 and 0.6685.
Weekly Australian dollar fundamental forecast
RBA Governor… Read full author’s opinion and review in blog of #LiteFinance
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