Will the Aussie win after a loss? Forecast as of 07.11.2023

The Aussie has been weakening for a long time because of the slower economic recovery in China than expected, the fall in stock indices, and the prolonged pause of the RBA. However, in November, everything changed. Let us discuss the Forex outlook and make up an AUDUSD trading plan.

Weekly Australian dollar fundamental analysis

It would seem that a weak US jobs report of a resumption of the Reserve Bank of Australia’s monetary tightening cycle should have encouraged the AUDUSD bulls. The pair soared to its highest level since early September as US Treasury yields fell and the likelihood of the… Read full author’s opinion and review in blog of #LiteFinance