AUDUSD Insight

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Key Points
- The November FOMC meeting minutes revealed that most participants deemed it appropriate to gradually reduce policy restraint, considering uncertainties surrounding the neutral interest rate level. It was confirmed that Federal Reserve members broadly support gradual rate cuts.
- U.S. medium- and long-term yields have rebounded following news that Trump plans to impose an additional 25% tariff on products from Mexico and Canada, and a 10% tariff on Chinese products.
- Israel announced its intention to reach a ceasefire with the Iran-backed Hezbollah militia in Lebanon.

Key Economic Data Schedule
- November 27: U.S. Q3 GDP, U.S. October Personal Consumption Expenditures (PCE) Price Index
- November 28: Germany November Consumer Price Index (CPI)
- November 29: Eurozone November Consumer Price Index (CPI)

AUD/USD Chart Analysis
The AUD/USD pair is currently moving near its lower boundary. To continue an upward trend, it is crucial to maintain the lower trendline. If a rebound occurs within this range, the price could rise to the 0.69000 level. However, if it breaks below the 0.64000 level, the outlook shifts bearish, with a potential drop extending to the 0.62000 level.

If market movements differ from expectations, I’ll quickly revise the strategy.

Disclaimer

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