Fed Powell sounds unsure on if Tariffs will affect an uptick in inflation as he is willing to see what happens once the policies are implemented, he also haven't spoken with trump as it relates to lowering interest rate and he is saying that the data have been mixed and for that he don't feel there is a need to cut interest rates quickly as cutting too fast could be bad as well as cutting too slow so he is highly dependent on Data to make a move on interest rates.
AUDUSD This past weeks price action really is a great example of where most traders go wrong, believing they're following a signal/strategy in the chart when it's just confirmation bias on a pre-chosen direction.
Most people here last week called me a fool for shorting, and a fool for seeing .62 as a possible retracement... yet here we are on approach.
You gotta have more in your arsenal than fundamentals to build a confirmation bias around the charts current actions.
Solution, find confluences that are like magnets for price and you'll stop suffering from flip flopping as candles go up and down.
AUDUSD Previous 4H closed with almost 0 range to continue up, possible this 4H creates the top wick and drives down, either way longs look more probable but might need some chop back and forth before lift off