The monetary tightening is not sufficient. The AUDUSD was supported for a brief period by the RBA’s monetary easing cycle that resumed in May following a pause of April. This pair is again under pressure. Why? Let’s discuss this and create a trading strategy.
Weekly Australian Dollar fundamental analysis
Fears of a US recession and default, as well as China’s slow economic recovery, are weighing on the AUDUSD. The AUDUSD bulls cannot be encouraged by either the Reserve Bank of Australia’s unexpected rate increase to a 11-year high of 3,85% or the country’s first budget surplus in eight years. Foreign shocks outweigh… Read full author’s opinion and review in blog of #LiteFinance