EUR/AUD is staying in consolidations above 1.6256 and intraday bias remains neutral for the moment. Further fall is expected as long as 1.6419 resistance holds. Rebound from 1.6108 could have completed at 1.6617 already. Below 1.6256 will target a retest on 1.6108 low. Firm break there will resume larger down trend. In the bigger picture, […]
The post EUR/AUD Daily Outlook appeared first on ActionForex.
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal When it comes to keeping a Read more…
TL;DR: Australia’s soft CPI print has pushed all four major banks into agreement that the RBA’s tightening cycle is over for now, driving AUD/USD below its rising channel with 0.6750 emerging as the next major Read more…
Downside surprise on inflation removes case for rate hike in August. Downbeat narrative on supply in question. We no longer expect rate hikes by the RBA this year. Inflation has been more benign than we Read more…