AUDUSD Technical Analysis - What changed after the RBA? ...Middle East

The USD weakened across the board recently due to a more dovish than expected FOMC decision last week where the Fed decided to signal a bigger QT taper beginning in June and the Fed Chair Powell pushing back repeatedly against rate hike expectations. Moreover, the data on Friday showed that the Fed might indeed just keep rates higher for longer as job and wage growth soften.The AUD, on the other hand, has been gaining ground against many major currencies following the latest Australian Q1 CPI report where the data beat expectations by a big margin pushing rate cuts expectations further away to Q2 2025 and raising the chances of a rate hike. The RBA today disappointed the hawks as it didn’t a

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Last updated : 07 May 2024 clock 10:16 AM

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AUDUSD Technical Analysis - What changed after the RBA? ...Middle East

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