AUDUSD The bullish momentum continues after our last successful AUDUSD setup, and a move toward the 0.65900 resistance area looks probable now.
🪙 My Trading Plan:
🔼 BUY Stop: 0.65648
❌ Stop Loss: 0.65320
✅ Take Profit: 0.65965
💡 Why am I buying here?
✅ Price broke recent resistance at 0.65500, activating buy trades.
✅ RSI confirm ongoing bullish momentum 📊.
📰 Fundamental Situation:
🏦 RBA Rate Decision Supports AUD
The Reserve Bank of Australia (RBA) surprised markets by holding rates steady at 3.85% 🏛️, diverging from expectations of a cut. This cautious stance reflects the RBA’s preference to wait for clearer signs of slowing inflation 📉 before adjusting policy further.
Governor Michele Bullock emphasized that inflation risks remain persistent ⚠️, driven by high labor costs and weak productivity, possibly requiring a longer period of restrictive policy ⏳. Deputy Governor Andrew Hauser noted the bank is closely monitoring global risks 🌐, especially US tariff developments, underscoring sensitivity to global headwinds that could impact trade and growth 📦.
🌎 Trade Tensions in Focus:
President Trump ruled out extending tariff deadlines beyond August 1 ⛔, announcing new duties:
🔹 50% on copper 🪙
🔹 Potential 200% on pharmaceuticals 💊
🔹 10% on goods from BRICS 🌐
These moves are likely to intensify global trade tensions ⚔️, potentially impacting commodity flows and inflation, which the RBA and markets will continue to monitor closely.
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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.
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.