This is a medium-term outlook on AUD/USD
Fundamentals:
AUD/USD - Bearish
Australia's economy and their currency is still in a relatively weak position relative to the US economy regardless of whether they hiked rates above market consensus by 50 basis points recently. Compared to the US Fed and looking at the medium-term, this will not outpace the US Fed's rate hike cycle. Australia cannot continue to raise rates. They are trapped:
Australia is heavily effected by demand from China that are not importing from them. This puts a damper on their economy. This is very negative for the medium-term. The Aussie currency should continue to weaken against the US dollar to about 0.6700.
Technicals:
Bearish
Fundamentals:
AUD/USD - Bearish
Australia's economy and their currency is still in a relatively weak position relative to the US economy regardless of whether they hiked rates above market consensus by 50 basis points recently. Compared to the US Fed and looking at the medium-term, this will not outpace the US Fed's rate hike cycle. Australia cannot continue to raise rates. They are trapped:
Australia is heavily effected by demand from China that are not importing from them. This puts a damper on their economy. This is very negative for the medium-term. The Aussie currency should continue to weaken against the US dollar to about 0.6700.
Technicals:
Bearish
註釋
AUDCAD update in addition to AUDUSD:
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
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Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。