AUDUSD Technical Analysis – The buyers need to break this key trendline ...Middle East

Fundamental OverviewThe bullish momentum in the US Dollar seems to be waning despite the recent higher-than-expected US CPI and PPI reports. One caveat is that the market has now priced out the aggressive rate cuts expectations and it’s almost perfectly in line with the Fed’s projections. Therefore, we will likely need more strong US data to see the market pricing in an earlier pause in the Fed’s easing cycle and give the US Dollar a further boost. The next big risk events will be in November when we get the October data, the FOMC policy decision and the US election. On the AUD side, the RBA continues to maintain its hawkish stance although that was toned down a bit in the last meeting. Tomo

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