Fundamentally, the RBA will be meeting on Tuesday and expectations are 25bps rate hikes from 0.35% to 0.6%. With some forecasting possible more aggressive hikes up to 40bps to 0.75%. Australia Q1 Wage Price Index shows that wages are also within expectations. Data from China might also hv suggested that worst are over in the short term. Expecting buy up of AUD pairs.
Technically, AUDUSD price has just induced equal highs, with equal lows below and a small imbalance to fill just before an orderblock on the 2H timeframe.
Looking to buy up from there.
Technically, AUDUSD price has just induced equal highs, with equal lows below and a small imbalance to fill just before an orderblock on the 2H timeframe.
Looking to buy up from there.