Aussie speeding up. Forecast as of 15.11.2023

The AUDUSD bulls failed to turn the trend up with the help of the RBA. However, the bulls were encouraged by the US inflation report for October. Let us discuss the Forex outlook and make up an AUDUSD trading plan.

Weekly Australian dollar fundamental analysis

The Australian dollar has successfully turned the bearish drivers into bullish ones. Monetary policy divergence now supports the AUDUSD bullish trend. Record wage growth in Australia and the RBA's forecast for stable inflation maintain the chances of a continuation of the rate-hiking cycle. At the same time, the slowdown in consumer prices in the United… Read full author’s opinion and review in blog of #LiteFinance