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Aussie is to continue an uptrend? Forecast as of 09.05.2023 | LiteFinance

Aussie is to continue an uptrend? Forecast as of 09.05.2023

A strong economy is the key to strengthening the local currency, but this is not enough to form an uptrend. There also should be a favorable foreign background, which proves AUDUSD. Let's talk about this topic and draw up a trading plan

Weekly Australian dollar fundamental analysis

The Australian dollar buyers have lost hope in China, the commodity market, and the global risk appetite. Investors were shocked by an unexpected rise in the cash rate and strong domestic data. This has been enough for the price to consolidate above the level of 0.67, from which I suggested entering the AUDUSD... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/41i6uwT