OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Audusd took out thursdays low, but the dollar index failed to reflect same price action. Althoug price was quickly repriced back into premium, above the 50% equilibrium price, price narration is suggesting dollar strength to come. The fed recently increased interest rates to 2.5%, suggesting that the dollar will remain bid. There is a positive differntial between the interest rates of australia at 1.35%(likely to be raised to 1.85% on tuesday) and 2.5%, the higher the interest rate, the stronger a currency
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