The phycological 1.5300 level has held as support numerous times to date - will it hold again?
It is common knowledge that the more times support is tested that the more likely it is to break the next time!
This comes as the AUD strengthens over forecasts that the Reserve Bank of Australia (RBA) will start raising rates in 2022 despite them announcing they will not until 2024.
It is common knowledge that the more times support is tested that the more likely it is to break the next time!
This comes as the AUD strengthens over forecasts that the Reserve Bank of Australia (RBA) will start raising rates in 2022 despite them announcing they will not until 2024.
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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.