Hello traders, AUD/USD has reached the hourly resistance. Thanks to weak USD weakness driven by the data released just now, all the USD pairs have spiked up. However, this could be an opportunity to sell AUD/USD@0.65 zone with targets at 0.6450 and 0.64 level.
AUD is FAR below its fair value, should be 0.71 atleast. you'll see diverging policy from RBA and fed, AU inflation still hot
if the endless AUD manipulation stops, it'll go to 0.7+ very quickly