The AUDUSD’s decline by almost 8% compared to April highs suprised Aussie buyers. They counted on the pair’s growth on the expectations of the monetary restriction by the RBA. Let’s discuss the topic and make up a trading plan.
Weekly Australian dollar fundamental analysis
Everything is possible in Forex. Even the AUD drop, though the RBA is ready to raise rates for the first time since 2010. It is worth noting that the AU-US local bonds yield gap is widening, the labor market is close to full employment, and inflation has reached its highest level in 21 years. AUD despite internal positive data… Read full author’s opinion and review in blog of #LiteFinance