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AUD/USD weekly outlook: With speculative vols rising, a low may have been seen
It was a good week for Australian dollar bulls, with the local currency rising above most major currencies (except CAD). We may have seen an important swing low for AUD/USD, given the return of open interest alongside rising prices last week (and its defiance against a strong USD). Local data is light this week, but traders will keep a close eye on the monthly CPI report. The RBNZ are expected to cut rates by 50bp this week to send their cash rate beneath the RBA’s for the first time in four years We will have to wait until January until we see the RBA’s preferred quarterly figures, so for now traders will have ... (full story)
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- Posted: Nov 24, 2024 7:46pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 6,986
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