( AUD/USD - Outlook )
RBA Rate - Hike from 4.10% to 4.35%
Despite the rate hiking the AUD closed pretty much lower this week due the fact that Fed’s Chair Jerome Powell seems to have left the door open for one possible last rate hike again in order to get the US inflation to 2%.
On the otherside the reason I think the FED will not think for another rate hike now is due to that fact that the consumer Sentiment has dropped 60.4 to the 6 months lower which indicates the negative side of rate hiking.
However, Looking at the technical perspective, I do think that the AUD/USD to reach to its range level 0.6525 area followed by the supply level from the current level where the price has reached out the daily demand level.
As the trading is all about reacting to the situation , DO NOT FORGET TO MANAGE YOUR RISK
RBA Rate - Hike from 4.10% to 4.35%
Despite the rate hiking the AUD closed pretty much lower this week due the fact that Fed’s Chair Jerome Powell seems to have left the door open for one possible last rate hike again in order to get the US inflation to 2%.
On the otherside the reason I think the FED will not think for another rate hike now is due to that fact that the consumer Sentiment has dropped 60.4 to the 6 months lower which indicates the negative side of rate hiking.
However, Looking at the technical perspective, I do think that the AUD/USD to reach to its range level 0.6525 area followed by the supply level from the current level where the price has reached out the daily demand level.
As the trading is all about reacting to the situation , DO NOT FORGET TO MANAGE YOUR RISK