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FOREXN1
Jan 30, 2023 10:50 AM

AUD/USD:Price May Grow despite a weaker trading sentiment 

Australian Dollar/U.S. DollarFXCM

Description

The AUD/USD pair has refreshed its day’s low at 0.7083 as investors have turned risk-averse amid the interest rate decision by the Federal Reserve (Fed) this week.A softer risk tone - as depicted by a weaker trading sentiment around the equity markets - is seen as a key factor driving flows away from the risk-sensitive Aussie. Despite China's move to scale back its strict zero-COVID policy in December, the worst yet COVID-19 outbreak in the country has been fueling uncertainty about a strong economic recovery. This, in turn, tempers investors' appetite for riskier assets and keeps a lid on any optimism in the markets.

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Comments
JoeChampion
Good idea Pal, keep us updated!
ProjectSyndicate
keep it up, neat updates for short-term traders
KlejdiCuni
I am watching for a stronger movement during these days as the price is reacting very well. I agree with you. Thanks
FOREXN1
@KlejdiCuni, Thanks!
Lingrid
Amazing chart, thanks
FOREXN1
@Lingrid, cheers
FOREXN1
✅ LIKE AND FOLLOW if you agree with my analysis !
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