Will the Aussie rise back? Forecast as of 05.12.2023

Will a worse Australian economic report discourage the AUDUSD bulls? The Reserve Bank of Australia has already made a pause. However, it might change the course. Let us discuss the Forex outlook and make up an AUDUSD trading plan.

Weekly Australian dollar fundamental analysis

The rapid rally of US stock indices and bets on divergence in the monetary policy of the Federal Reserve and the Reserve Bank of Australia gave traders grounds to consider the Aussie to be among the favorites in 2024. However, the slowdown in Australia’s inflation and the reaction of the RBA to this significantly lowered the chances… Read full author’s opinion and review in blog of #LiteFinance