AUDUSD POTENTIAL BEARISHNESS
Audusd took out thursdays low, but the dollar index failed to reflect same price action. Althoug price was quickly repriced back into premium, above the 50% equilibrium price, price narration is suggesting dollar strength to come. The fed recently increased interest rates to 2.5%, suggesting that the dollar will remain bid. There is a positive differntial between the interest rates of australia at 1.35%(likely to be raised to 1.85% on tuesday) and 2.5%, the higher the interest rate, the stronger a currency
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.