AUDUSD Technical Analysis – The RBA disappointed the hawks ...Middle East

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AUDUSD Technical Analysis – The RBA disappointed the hawks
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Fundamental OverviewThe USD weakened across the board last week 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. Nevertheless, the USD has been in the driving seat this week despite the lack of economic data or major changes in the fundamentals.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

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