- The AUD / USD Analysis The price Analysis shows that it is established reducing the RBA speed after the figure inflation of the falls.
- Australian inflation rose 1.9% per year, compared to a forecast of 2.1%.
- Traders remain cautious in front of FOMC meeting.
The AUD / USD price analysis shows an increase in RBA rates discontinued quotas after inflation inflation in Australia. Meanwhile, market participants are careful in front of the Fed Policy meeting.
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Data on Wednesets found that inflation in Australia increased by 1.9% per annum, compared to a forecast of 2.1%. Miss came as a relief for RBA creators of creators who paused at the last meeting for caring for inflation. As a result, market participants moved to full price reduction in August. At the same time, experts believe that the Central Bank will decrease in November.
“We believe that the Committee now has a certificate to continue on its” careful “- if it is not so predictable – the time of the current monetary restriction,” Luca Ellis said, chief economist in Westpac.
“Therefore, we expect to appreciate the rates for 25 BPS in his August meeting,” she added. “Further cut in November, February 2026. And 20. May, they also look more likely.
Meanwhile, traders remain cautious in front of FOMC meeting. The Fed will probably retain rates due to the resilience of economy and hot inflation. Moreover, market participants expect the Powell to hold their cautious tone that would increase the dollar.
AUD / USD Key events Today
- Employment of ADP employment
- In advance GDP K / K
- Fomc meeting
AUD / USD Price Technical Analysis: Attempt to break out of consolidation
On the technical page, the price of AUD / USD fell to re-support its range at 0.6500. The price is well traded below the 30th, a sign that bears have strong leadership. At the same time, RSI is under 50, it proposes that a solid bear swing.
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The AUD / USD remained in consolidation between the support of 0.6500 and the level of resilience at 0.6590. Recently, the bulls tried to kick out this consolidation, but failed. As a result, the price fell back into the range and fell under 30ths.
Given strong bears of bias, the price could be broken below the range support. Such a move would allow AUD / USD to reset level 0.6460. However, to confirm the passage, the price would have to start to reach lower and lowest orders below this level.
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