The AUDUSD tracked lower from the 0.6850 level due to pressures from the DXY climb. The DXY strength was primarily due to the weakness in the Euro and the increasing concern of a global recession.
Look for further downside as the AUD continues to be weighed down by depressed commodity and the expectation of lower economic activity and demand from a recession.
The RBA hiked rates by 50bps taking Australian overnight rates to 1.35%. However this move had been signalled early on and is likely to have been priced in. A rate hike is also likely to bring the Australian economy onto the path of a recession.
Therefore, AUDUSD could retrace towards 0.6850 but look for a reversal from the current level of 0.68, down towards support level of 0.67
Look for further downside as the AUD continues to be weighed down by depressed commodity and the expectation of lower economic activity and demand from a recession.
The RBA hiked rates by 50bps taking Australian overnight rates to 1.35%. However this move had been signalled early on and is likely to have been priced in. A rate hike is also likely to bring the Australian economy onto the path of a recession.
Therefore, AUDUSD could retrace towards 0.6850 but look for a reversal from the current level of 0.68, down towards support level of 0.67
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.