Economic Fundamentals
Australia: Its economic growth, inflation and export prices affect the Aussie. Growth aids appreciation; inflation undermines it. Higher resource prices boost the currency.
US: Strong US data strengthens the dollar, weakening AUD/USD; weak data has the opposite effect.
Market & Geopolitical Factors
High risk appetite benefits the Aussie; low appetite favors the dollar. Geopolitical tensions prompt a flight to the dollar, hurting the Aussie.
๐๐๐ AUDUSD ๐๐๐
๐ Buy@0.62500 - 0.62800
๐ TP 0.63500 - 0.64000
The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed๏ผFollow the link below to get my daily strategy updates
Australia: Its economic growth, inflation and export prices affect the Aussie. Growth aids appreciation; inflation undermines it. Higher resource prices boost the currency.
US: Strong US data strengthens the dollar, weakening AUD/USD; weak data has the opposite effect.
Market & Geopolitical Factors
High risk appetite benefits the Aussie; low appetite favors the dollar. Geopolitical tensions prompt a flight to the dollar, hurting the Aussie.
๐๐๐ AUDUSD ๐๐๐
๐ Buy@0.62500 - 0.62800
๐ TP 0.63500 - 0.64000
The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed๏ผFollow the link below to get my daily strategy updates
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.