DOLLAR STRENGTH AND CHINA KEY DRIVERS OF THIS PAIR
On the Fundamental side, the effects of still elevated commodity prices is being offset by risk sentiment and concerns about China’s demand future forecast. On the other hand, it is likely to be the USD strength that causes AUD/USD to be bearish as well
We continue to see some moderate downside risks for the AUD (possibly to 0.68) although a possible uptrend in the midterm run remains possible
This is an article, not financial advice , always do your own research.
If you have any questions, you can write it in the comments below and I will answer them
And please don't forget to support this idea with your like and comment
We continue to see some moderate downside risks for the AUD (possibly to 0.68) although a possible uptrend in the midterm run remains possible
This is an article, not financial advice , always do your own research.
If you have any questions, you can write it in the comments below and I will answer them
And please don't forget to support this idea with your like and comment
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