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Is the AUDUSD ready for a reversal?

From blog.hycmlab.com Watch this video at https://www.forexfactory.com/news/1156103-is-the-audusd-ready-for-a-reversal.

At the last RBA meeting, the Board decided to hike rates by 25 bps due to unexpectedly high inflation. Furthermore, Governor Lowe indicated that he expects further interest rate hikes over the coming months. See here for the analysis after the last meeting. This should keep the AUD supported over the medium term. However, slowing growth, falling commodity prices, and COVID cases in China is also significant headwind for the AUD. The USD, by contrast, is looking increasingly like it is close to peak bullishness. The latest CPI print on Wednesday this week showed a print above expectations for the headline and core, but still below the previous reading. It is unclear whether the US has passed peak inflation, but if it has the AUDUSD pair could correct sharply higher. Between May 24 and July 22 the AUDUSD has gained 11 times. The largest gain was

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  • Category: Fundamental Analysis