AUDUSD Technical Analysis – Another hot Australian CPI raises hike bets ...Middle East

Fundamental OverviewThe USD continues to be backed by good economic data as we have also seen recently from the US PMIs last Friday and the US Consumer Confidence report yesterday. Although such data keeps the interest rates expectations stable around two cuts by the end of the year, it also supports the risk sentiment amid a pickup in growth. This could be a headwind for the greenback. The AUD, on the other hand, has been supported recently by a better risk sentiment and the slightly more hawkish RBA policy decision. Today, the Aussie got a boost from another hot monthly CPI report which raised the chances of a rate hike. AUDUSD Technical Analysis – Daily TimeframeOn the daily chart, we can

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AUDUSD Technical Analysis – Another hot Australian CPI raises hike bets ...Middle East

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