AUDCHF Bullish Movement Resumes After RBA Decision

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AUDCHF Bullish Movement Resumes After RBA Decision

In the previous analysis posted four days ago, AUDCHF completed a bullish wedge pattern, and the price reached our first target easily.

Following another deep correction, AUDCHF has resumed its bullish movement.

Today, the bullish wave was initiated by the Reserve Bank of Australia's (RBA) interest rate decision. The RBA decided to keep rates unchanged and did not indicate when they might begin to cut rates.
By maintaining higher interest rates, the RBA aims to support the economy by reducing inflation and strengthening the labor market.

The RBA explained that:
🔸 Underlying inflation remains too high.
🔸 Inflation is not expected to return sustainably to the midpoint of the target until 2026.
🔸 The labor market remains tight, and demand for labor is strong.

AUDCHF has reached the first target again and is expected to rise further in the coming weeks.

You may find more details in the chart!
Thank you and Good Luck!

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注释
Previous analysis:

AUDCHF: CHF Devaluation Amid SNB Report: Short-Term Trend Shift
交易结束:到达目标
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注释
third target reached
快照
Chart PatternsTrend AnalysisWave Analysis

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