AUD/USD – Remains rangebound despite RBA interest rate hike

<p><a href="https://api.addthis.com/oexchange/0.8/forward/facebook/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Fforex%2Faud%2Faud-usd-remains-rangebound-despite-rba-interest-rate-hike%2Fcerlam&amp;pubid=ra-525512e4690e068c&amp;title=Marketpulse%20%7C%20Home&amp;ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/facebook.png" border="0" alt="Facebook" /></a><a href="https://api.addthis.com/oexchange/0.8/forward/twitter/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Fforex%2Faud%2Faud-usd-remains-rangebound-despite-rba-interest-rate-hike%2Fcerlam&amp;pubid=ra-525512e4690e068c&amp;title=Marketpulse%20%7C%20Home&amp;ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/twitter.png" border="0" alt="Twitter" /></a><a href="https://api.addthis.com/oexchange/0.8/forward/email/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Fforex%2Faud%2Faud-usd-remains-rangebound-despite-rba-interest-rate-hike%2Fcerlam&amp;pubid=ra-525512e4690e068c&amp;title=Marketpulse%20%7C%20Home&amp;ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/email.png" border="0" alt="Email" /></a></p><ul>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"As they will what other central banks are doing, including the RBA which today ended a series of four rate pauses and hiked by another 25 basis points. While its decision-making is independent of the Fed's, the challenges it faces are similar, and the fact that it's needed to hike again after such a long time will only strengthen the Fed's position that it needs to maintain the higher for longer mantra, and potential for more, until the last minute."}]}" data-slate-node="element"><strong>RBA hikes and signals it&#8217;s now data-dependent</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"As they will what other central banks are doing, including the RBA which today ended a series of four rate pauses and hiked by another 25 basis points. While its decision-making is independent of the Fed's, the challenges it faces are similar, and the fact that it's needed to hike again after such a long time will only strengthen the Fed's position that it needs to maintain the higher for longer mantra, and potential for more, until the last minute."}]}" data-slate-node="element"><strong>Inflation remains a challenge despite already high rates</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"As they will what other central banks are doing, including the RBA which today ended a series of four rate pauses and hiked by another 25 basis points. While its decision-making is independent of the Fed's, the challenges it faces are similar, and the fact that it's needed to hike again after such a long time will only strengthen the Fed's position that it needs to maintain the higher for longer mantra, and potential for more, until the last minute."}]}" data-slate-node="element"><strong>AUDUSD fails to breakout but momentum remains</strong></li>
</ul>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"As they will what other central banks are doing, including the RBA which today ended a series of four rate pauses and hiked by another 25 basis points. While its decision-making is independent of the Fed's, the challenges it faces are similar, and the fact that it's needed to hike again after such a long time will only strengthen the Fed's position that it needs to maintain the higher for longer mantra, and potential for more, until the last minute."}]}" data-slate-node="element"><span data-slate-node="text">The RBA today ended a series of four rate pauses and hiked by another 25 basis points. </span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"As they will what other central banks are doing, including the RBA which today ended a series of four rate pauses and hiked by another 25 basis points. While its decision-making is independent of the Fed's, the challenges it faces are similar, and the fact that it's needed to hike again after such a long time will only strengthen the Fed's position that it needs to maintain the higher for longer mantra, and potential for more, until the last minute."}]}" data-slate-node="element"><span data-slate-node="text">The fact that it&#8217;s needed to hike again after such a long time highlights how difficult central banks are finding it to get inflation under control and how much more difficult this last stage may prove than hoped.</span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The RBA may now refrain from warning about further hikes going forward but it will certainly leave the door ajar as it can no longer be confident that inflation won't stubbornly remain above target. As we've heard so much, the RBA is data-dependent, and future moves will be guided by it."}]}" data-slate-node="element" data-slate-fragment="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"><span data-slate-node="text">The RBA may now refrain from warning about further hikes going forward but it will certainly leave the door ajar as it can no longer be confident that inflation won&#8217;t stubbornly remain above target. As we&#8217;ve heard so much, the RBA is data-dependent, and future moves will be guided by it.</span></p>
<p style="text-align: center" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The RBA may now refrain from warning about further hikes going forward but it will certainly leave the door ajar as it can no longer be confident that inflation won't stubbornly remain above target. As we've heard so much, the RBA is data-dependent, and future moves will be guided by it."}]}" data-slate-node="element" data-slate-fragment="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"><iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/fgn-i7guu60?si=R8oUfwOI70OcH3y-" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The RBA may now refrain from warning about further hikes going forward but it will certainly leave the door ajar as it can no longer be confident that inflation won't stubbornly remain above target. As we've heard so much, the RBA is data-dependent, and future moves will be guided by it."}]}" data-slate-node="element" data-slate-fragment="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"><strong>AUSUSD fails to break the top of the sideways channel</strong></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The RBA may now refrain from warning about further hikes going forward but it will certainly leave the door ajar as it can no longer be confident that inflation won't stubbornly remain above target. As we've heard so much, the RBA is data-dependent, and future moves will be guided by it."}]}" data-slate-node="element" data-slate-fragment="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">A rate hike is often viewed as being bullish for a currency but today&#8217;s had been speculated about for some time and it seems the lack of commitment to more in the language that accompanied it instead weighed on the Aussie dollar.</p>
<p style="text-align: center" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The RBA may now refrain from warning about further hikes going forward but it will certainly leave the door ajar as it can no longer be confident that inflation won't stubbornly remain above target. As we've heard so much, the RBA is data-dependent, and future moves will be guided by it."}]}" data-slate-node="element" data-slate-fragment="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"><strong>AUDUSD Daily</strong></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The RBA may now refrain from warning about further hikes going forward but it will certainly leave the door ajar as it can no longer be confident that inflation won't stubbornly remain above target. As we've heard so much, the RBA is data-dependent, and future moves will be guided by it."}]}" data-slate-node="element" data-slate-fragment="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"><a href="https://www.marketpulse.com/wp-content/uploads/2023/11/AUDUSD_2023-11-07_20-37-23.png" target="_blank" rel="noopener"><img loading="lazy" class="aligncenter wp-image-808578" src="https://www.marketpulse.com/wp-content/uploads/2023/11/AUDUSD_2023-11-07_20-37-23-1024×426.png" alt="" width="620" height="258" srcset="https://www.marketpulse.com/wp-content/uploads/2023/11/AUDUSD_2023-11-07_20-37-23-1024×426.png 1024w, https://www.marketpulse.com/wp-content/uploads/2023/11/AUDUSD_2023-11-07_20-37-23-300×125.png 300w, https://www.marketpulse.com/wp-content/uploads/2023/11/AUDUSD_2023-11-07_20-37-23-768×320.png 768w, https://www.marketpulse.com/wp-content/uploads/2023/11/AUDUSD_2023-11-07_20-37-23-1536×639.png 1536w, https://www.marketpulse.com/wp-content/uploads/2023/11/AUDUSD_2023-11-07_20-37-23.png 1793w" sizes="(max-width: 620px) 100vw, 620px" /></a></p>
<p style="text-align: right" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The RBA may now refrain from warning about further hikes going forward but it will certainly leave the door ajar as it can no longer be confident that inflation won't stubbornly remain above target. As we've heard so much, the RBA is data-dependent, and future moves will be guided by it."}]}" data-slate-node="element" data-slate-fragment="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">Source &#8211; OANDA on Trading View</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The RBA may now refrain from warning about further hikes going forward but it will certainly leave the door ajar as it can no longer be confident that inflation won't stubbornly remain above target. As we've heard so much, the RBA is data-dependent, and future moves will be guided by it."}]}" data-slate-node="element" data-slate-fragment="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">That leaves the pair in the sideways channel it&#8217;s traded within for the last few months and there&#8217;s no clear signal that we could see a breakout any time soon.</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The RBA may now refrain from warning about further hikes going forward but it will certainly leave the door ajar as it can no longer be confident that inflation won't stubbornly remain above target. As we've heard so much, the RBA is data-dependent, and future moves will be guided by it."}]}" data-slate-node="element" data-slate-fragment="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">The move to the top of the channel looked quite powerful but just as quickly and forcefully it turned lower. The momentum indicators still appear quite positive despite today&#8217;s moves and if price turns higher again, they may be the giveaway as to whether we&#8217;ll see another attempt to break above the channel.</p>