This analysis based on fundamental and technical analysis based for educational purpose only.
Fundamental Analysis :
We know that Inflation rate on AUD still high and RBA need to tame inflation, meanwhile USD we see that last year hiking interest rates 10x streak, and we see the inflation is cooling down.
If The Fed hiking more interest rates, it will be a risk for the next year to become a crisis for some business , because their will think twice to borrow money from banks.
While trade partner from Australia is a China, PBoC already cut interest rates, so it will be good for business in their industry.
My view for AUDUSD are bullish until the next year if my analysis right.
This is just analysis so do your own research too, and not financial advice.
Calculate your own risk.
Fundamental Analysis :
We know that Inflation rate on AUD still high and RBA need to tame inflation, meanwhile USD we see that last year hiking interest rates 10x streak, and we see the inflation is cooling down.
If The Fed hiking more interest rates, it will be a risk for the next year to become a crisis for some business , because their will think twice to borrow money from banks.
While trade partner from Australia is a China, PBoC already cut interest rates, so it will be good for business in their industry.
My view for AUDUSD are bullish until the next year if my analysis right.
This is just analysis so do your own research too, and not financial advice.
Calculate your own risk.
Trade active:
Divergence Bullish Appear on my support area level
Comment:
Price moving UP