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Short AUD/USD: Australian Dollar 2022 Outlook Mired by Wait-and-See RBA Policy, Top Trade Q1 2022
AUD/USD slipped to a fresh 2021 low (0.6993) after failing to push above the 50-Week Moving Average (0.7511) in October, and the recent rebound in the exchange rate may turn out to be a correction in the broader trend as the Federal Reserve prepares to implement higher interest rates in 2022, while the Reserve Bank of Australia (RBA) appears to be in no rush to normalize monetary policy. The diverging paths between the RBA and Federal Open Market Committee (FOMC) casts a bearish outlook for AUD/USD as Governor Philip Lowe and Co. expect “underlying inflation to reach 2½ per cent over 2023,” and it seems as ... (full story)
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- Posted: Jan 1, 2022 1:00pm
- Submitted by:Category: Technical AnalysisComments: 3 / Views: 1,951
