AUD/USD Outlook - RBA Interest Rate, US JOLTS, NFP, Unemployment
Overall I am still bullish on the US dollar and Bearish all other currencies. Reason being the Fed will continue to raise rates and create a divergence in interest rates against other countries currencies as they fall behind in raising rates.
My Outlook is that the AUD/USD will continue to trend sidewise sticking close to the upper resistance bands.
Keep an eye out for NFP and Unemployment numbers on Friday.
If the NFP and Unemployment is worse than expected we can expect Dollar Weakness as the Fed can potentially start easing interest rates hikes in the future.
If the NFP and Unemployment is better than expected we can see further dollar we can expect Dollar Strength as the Fed will have to continue course in raising rates which will ultimately be create upside momentum for the US dollar.
Goodluck out there.
My Outlook is that the AUD/USD will continue to trend sidewise sticking close to the upper resistance bands.
Keep an eye out for NFP and Unemployment numbers on Friday.
If the NFP and Unemployment is worse than expected we can expect Dollar Weakness as the Fed can potentially start easing interest rates hikes in the future.
If the NFP and Unemployment is better than expected we can see further dollar we can expect Dollar Strength as the Fed will have to continue course in raising rates which will ultimately be create upside momentum for the US dollar.
Goodluck out there.