The Aussie dollar is one of the more recent standouts in the FX space, benefitting from a risk off environment and hotter-than-expected inflation. AUD Setups analysed
Get your hands on the Aussie dollar Q2 outlook today for exclusive insights into key market catalysts that should be on every trader's radar:in Q1, markets have removed prior bets in favour of rate cuts and now price in the potential for anothermade a sharp pivot at the 0.6365 level, advancing through 0.6460 in the process. At the end of last week, the appears as an immediate level of resistance at the start of this week. AUD/USD bulls pushed through the barrier on Monday, tagging 0.
1.0885 appears at the nearest level of support but remains around 100 pips away for now. In the event bulls aren’t ready to give up, 1.1052 isin a bid to strengthen the yen. The weekly chart revealed a massive spike higher at first, potentially drawing the attention of currency officials, before the massive move lower in AUD/JPY.
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