Fundamental Forecast for the Australian Dollar: Bearish
- Australian Dollar back on the defensive on swelling Fed rate hike outlook
- RBA Financial Stability Review unlikely to trigger meaningful volatility
- FOMC minutes, US data, Fed-speak conspire to pressure Aussie further
RSI(14) = 47.098 Neutral
STOCH(9,6) = 43.125 Sell
Fundamental analyses: The U.S. Unemployment Data expected to be strong, so the U.S. Dollar index will go up for sure. Brexit, according to prime-minister, is also to be hard for performing and British Budget deficit plays a key role here, too. Moreover, future monetary policy easing by BoE must be taken into account. These are the fundamentals to follow and hold...