AUDUSD: Ready for a short-term bullish moveAUDUSD: Ready for a short-term bullish move
During the previous week the price broke out of a small bullish wedge pattern.
The bullish breakout appears to be clear and AUDUSD may rise further.
However, we must not forget that this movement is also supported by a fundamental perspective
regarding the USD...We have the US CPI data on Wednesday and the market is anticipating a slowdown.
This means the Fed could cut rates further during the September meeting.
You may find more details in the chart!
Thank you and Good Luck!
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