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AUDUSD Technical Analysis - The bearish bias remains intact

The AUDUSD resumes its fall as the US data remains hot. The Fed raised rates by 25 bps as expected and kept the policy statement unchanged. The market was eager to see if the Fed Chair Powell could offer some forward guidance but got disappointed as he just reaffirmed their data dependency. Yesterday, the US Jobless Claims beat expectations across the board by a big margin giving the US Dollar a boost. The RBA, on the other hand, kept its cash rate unchanged with the usual hawkish comments and t... Read More

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Content Topics

Audusd

Technical

Analysis

Bearish

Bias

Remains

Intact

Forex

Posted: Jul 28 2023, 07:01

Author Name: forexlive

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