No matter how bullish the RBA monetary tightening started for the AUDUSD, serious headwinds do not allow the pair to rise. Let’s discuss the topic and make up a trading plan.
Monthly Australian dollar fundamental analysis
Time has shown who is right and who is wrong. Ahead of the RBA and Fed meetings, hedge funds switched to AUD net long trades for the first time since August 2021, while asset managers doubled their net shorts to 33,000 contracts. Hedge funds expected the start of the RBA monetary restriction and the closing of greenback long trades after the federal funds rate hike by… Read full author’s opinion and review in blog of #LiteFinance