AUDUSD Technical Analysis – The price action remains rangebound ...Middle East

Fundamental OverviewThe USD started the week on the backfoot as the new month begins. The last week’s strength might have been influenced more by quarter-end flows rather than something fundamental as the economic data didn’t change interest rates expectations. Nonetheless, the data should continue to support the risk sentiment amid a pickup in growth without inflationary pressures. The AUD, on the other hand, should be favoured in such environment as it’s also backed by a slightly more hawkish RBA. Last week, the Aussie got a boost from another hot monthly CPI report which raised the chances of a rate hike, although RBA’s Hauser poured some cold water on the expectations as he would rather

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AUDUSD Technical Analysis – The price action remains rangebound ...Middle East

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