Aussie correlates with stocks. Forecast as of 12.04.2022

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The Fed's intention to aggressively wind up the balance sheet has created problems for the leader of the G10 currencies, the Australian dollar. AUDUSD buyers retreated, but does the current correction mean they have given up? Let's discuss the topic and make up a trading plan.

Weekly Australian dollar fundamental analysis

Until the first days of April, the AUD market was dominated by greed, but after April 5, it was replaced by fear. Hedge funds and other speculators began exiting AUDUSD long trades amid hawkish statements by Lael Brainard and the subsequent release of the minutes of the March FOMC meeting. In both… Read full author’s opinion and review in blog of #LiteFinance

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