AUDUSD Down/Sell.....
primarily due to the strength of the US Dollar and the hawkish stance of the Federal Reserve, which suggests limited interest rate cuts in the near future. This contrasts with the Reserve Bank of Australia (RBA), which, while hawkish, is cautious about inflation and will adjust policies based on economic data. If US economic data continues to be strong, particularly inflation or employment numbers, it will likely support the USD, putting downward pressure on the Aussie. Additionally, rising global tensions, such as the Russia-Ukraine conflict, increase demand for safe-haven assets like the US Dollar, further limiting the upside for AUD.
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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.