Bears say stars are aligning against AUDUSD

The bears have it in for the AUD for a number of reasons including the RBA's expectations that inflation will be below its target band for the next two years. But the bank is no longer saying the exchange rate needs to 'adjust' lower. Indeed it is assuming the AUD will remain at its current level over the next two years.

Continue reading at TradingFloor.com (Max McKegg of Technical Research Limited) →
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