AUDUSD Technical Analysis – The Aussie outperforms on hawkish RBA ...Middle East

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AUDUSD Technical Analysis – The Aussie outperforms on hawkish RBA
Fundamental OverviewThe USD continues to remain under pressure amid positive risk sentiment and the imminent rate cuts from the Fed which should help global growth. These are generally bearish drivers for the greenback.In fact, the appreciation of the AUD has been mostly driven by the US Dollar side of the equation, although it outperformed the other major currencies due to the hawkish RBA. In fact, the market pared back more aggressive rate cuts expectations and it’s now seeing just one cut by the end of the year.The focus will be on tomorrow’s Flash PMIs and then Fed Chair Powell speech at the Jackson Hole Symposium on Friday. AUDUSD Technical Analysis – Daily TimeframeOn the daily chart,

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