Instrument: AUDUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 0.67217 with take profit at 0.67409
Bearish Preference:
A sell position is envisaged if the price trades below price 0.67217 with take profit at 0.67409
Fundamentals:
12:20pm AUD RBA Gov Lowe Speaks
3:00pm USD JOLTS Job Openings
Comment:
Most Asian currencies moved little on Tuesday as markets hunkered down before a widely expected interest rate hike from the Federal Reserve this week, while the Australian dollar surged on an unexpected rate hike by the Reserve Bank. The RBA cited stubborn inflation as the main motivator for the move, stating that inflation still remained “too high.”
Analysis: SCRUM Team