Aussie is worried. Forecast as of 16.05.2023 Monetary tight | LiteFinance

Aussie is worried. Forecast as of 16.05.2023

Monetary tightening alone is not enough. The resumption of the RBA's monetary tightening cycle in May after a pause in April only supported the AUDUSD for a short time. The pair is under pressure again. Why? Let's talk about this topic and draw up a trading plan.

Weekly Australian dollar fundamental analysis

The AUDUSD is pressed down by China's slow recovery and US default and recession fears. Neither the unexpected rate hike by the Reserve Bank of Australia to an 11-year high of 3.85% nor the country's first budget surplus since 2008 can support the AUDUSD bulls. Foreign shocks outweigh... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3OarzX1