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AUDUSD Technical Analysis

The Fed last week paused its tightening cycle leaving rates unchanged at 5.00-5.25%. Their rationale for such move is that they need to see more economic data before deciding on further rate hikes as they are trying to find an optimal level of policy restraint to bring inflation down to their 2% target without a bad recession. The RBA, on the other hand, recently surprised with another rate hike leading to a bit of policy divergence between the two central banks and favouring the Australian Doll... Read More

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Audusd

Technical

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Forex

Posted: Jun 20 2023, 10:14

Author Name: forexlive

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