Hello traders , here's my long-term view about AUDUSD As you know we have a strong risk off sentiment , AUD is a commodity currency that tends to increase in a risk off environment. with that being said, I'm long on AUDUSD until the next potential supply level
fundamentally : (fxstreet source)
Aussie to profit from surging raw material prices Commodities do well in inflationary times, a boon to the countries that produce it RBA is still expected to hike this year China easing supports Chinese companies, a result of that will be AUD support Good china news to lift the aussie The RBA will be hiking rates even before it thinks it will RBA to hold its nerve through COVID-19 Delta surge Non-inflationary aussie to be an inflation hedge Economic activity support a strong aussie Aussie to profit from higher commodity prices Australian growth achieves a 60-year milestone Aussie have the front seat to the economic growth in China Rising equities and commodities support the aussie
this is not a financial advise it's just my point of view
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