AUDUSD Technical Analysis – The pair bounced from the key support ...Middle East

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AUDUSD Technical Analysis – The pair bounced from the key support
Fundamental OverviewThe USD last week saw a quick dip across the board following the soft US CPI report as the market priced back in two rate cuts by the end of the year. The moves were reversed soon after though as we got a bit more hawkish than expected FOMC decision where the dot plot showed that the Fed expected just one cut for this year despite the soft US CPI report. Later on, Fed Chair Powell backpedalled on the projections making them a bit less worrying as the central bank remains very data dependent. The US Dollar eventually got supported in the last part of the last week as the risk sentiment turned more cautious. The AUD, on the other hand, got pressured mainly because of the ri

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