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AUDUSD Technical Analysis

The miss in the US CPI report triggered a heavy US Dollar selling across the board as the market started to see the end of the Fed tightening cycle. Moreover, the soft-landing narrative caused a strong positive risk sentiment in the markets as the labour market remains strong and the consumer sentiment keeps on rising. The RBA, on the other hand, kept its cash rate unchanged with the usual hawkish comments and the promise of doing more if the data suggests so. In fact, the recent RBA meeting m... Read More

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Audusd

Technical

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Forex

Posted: Jul 18 2023, 07:09

Author Name: forexlive

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