AUDUSD Analysis Week 5/6
Big news event coming up this week with AUD releasing their interest rate decision. Consensus is for it to remain the same as the previous.
With that being analysed in, we have the potential for 2 seperate paths.
Following the weak data out of the US at the end of last week and a good decision on interest rates for the AUD this week, we can expect this pair to head the way of the pink arrows.
If we were to get weak data out of AUD rates decision, we may see the pair continue down.
Will be interesting to watch through the week, but expecting a drive lower in all honesty.
With that being analysed in, we have the potential for 2 seperate paths.
Following the weak data out of the US at the end of last week and a good decision on interest rates for the AUD this week, we can expect this pair to head the way of the pink arrows.
If we were to get weak data out of AUD rates decision, we may see the pair continue down.
Will be interesting to watch through the week, but expecting a drive lower in all honesty.
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