Australia Dollar Drivers and Outlook
AUD/USD has led the relief rally but with inflation remaining high can stocks resume uptrend or are we just in a bear market bounce.
We will soon find out as AUD and EUR/USD and US Stocks have all run into resistance at the normal sort of bounce levels and we have stalled now for 2 days.
If we break down lower or higher here we have to respect the markets price action as it likely driven by US stocks or Interest rates not Australian news.
We will soon find out as AUD and EUR/USD and US Stocks have all run into resistance at the normal sort of bounce levels and we have stalled now for 2 days.
If we break down lower or higher here we have to respect the markets price action as it likely driven by US stocks or Interest rates not Australian news.
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