- Outlook AUD / USD remains stubborn bulls, breaking 7-monthly High in the middle of wide dollar weakness.
- Dovish Fed and the American Fiscal Deficit of Concerns at Greenback.
- Delayed tariffs and improved sensual risk supporting Aussie.
Outlook AUD / USD is a powerful bullock while the couple expands its winning array in the new week. The price built in the Friday Rather Prehed a key psychological sign of 0.6500. It is the highest price from November 2024. shows the loss of trust in the US dollar.
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The Australia Reserve Bank recently reduced the price for 25 BPS. It is a move that can deteriorate the power of AUD. However, inflation data are vital to watch now.
Raising American fiscal concerns dominate the narrative for the US dollar. “The big, beautiful account of President Trump” went to the lower house and sent to the Senate. The bill is designed to add $ 3.8 trillion to the federal deficit. The fears reinforced long-term sustainability, driving strong sales in Greenback.
Other factors for the US dollar include CPI and PPI data data, suggesting slowdown in price pressure. Also, Dovish Outlook Fed in two cancellations of 25 BPS by the end of the year. Geopolitics and uncertainty of politics, especially around the Trump tariffs have eroded institutional self-confidence. Large funds gradually rotate from funding for funds due to economic instability.
Moreover, the delay of 50% of the EU imports to 09. July improved the risk of risks that support global acts and currency sensitive risks like Australian dollars.
Despite this, geopolitical concerns can limit upside down Aussie. China accuses the United States about violating trade agreements limiting Huawei’s approach to the rise and chips. China hinted and revenge.
AUD / USD Key events forward
There is no major data edition today.
AUD / USD Technical Outlook: The bulls target in 0.6680
The technical appearance of AUD / USD remains bullash on the daily chart. The price revolves around the level of resistance to key from 0.6500. The next level of resilience appears at 0.6680. The remains of the lower side supported by 20-day SMA at 0.6450.
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The 14-day value of the RSI is about 60.0 indicating the potential to move on. Meanwhile, the 20-day SMA points up. However, the couple is needed to clean the trendline resistance at 0.6573, which is also today.
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