AUDUSD Technical Analysis – Breakout or fakeout? ...Middle East

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AUDUSD Technical Analysis – Breakout or fakeout?
Fundamental OverviewYesterday, the USD weakened across the board following a benign US CPI report where the data came in line with expectations. The market firmed up the rate cuts expectations with September and December now fully priced in. We saw a general risk-on sentiment as a result and barring negative surprises in the following days and weeks, this trend might have some more legs. The AUD, on the other hand, came a bit under pressure following the Australian labour market data tonight but this might be just a dip-buying opportunity for the bulls as the risk sentiment and general US Dollar weakness should support the pair into new highs. AUDUSD Technical Analysis – Daily TimeframeOn th

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