AUD to USD Forecast: The RBA and Fed Speakers in the Spotlight
==========
The article discusses the forecast for the AUD to USD exchange rate, focusing on the role of the Reserve Bank of Australia (RBA) and Federal Reserve (Fed) speakers. The RBA's more hawkish stance on interest rates has led to gains for the AUD/USD pair. The RBA Chart Pack, which considers financial markets and the macroeconomic environment, will be released and could provide further insights. Private sector data from Australia showed a weakening industrial sector, but had limited impact on the AUD. In the US, trade data and speeches from FOMC members will be important. The AUD/USD price action suggests a bearish trend, with resistance at the 50-day and 200-day EMAs. A break below the $0.64900 support level could lead to further declines. The 4-hourly chart also indicates a bearish price trend. Overall, the AUD/USD forecast depends on central bank commentary, China's economic situation, and the Fed's stance on interest rates.
#Aud/usd #Rba #Fed #InterestRates #EconomicOutlook #TradeData #Fomc #BearishTrend
https://www.fxempire.com/forecasts/article/aud-to-usd-forecast-the-rba-and-fed-speakers-in-the-spotlight-1407784
FX Empire /
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2024-02-07 00:53:25
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2024-02-07 00:53:25Event JSON
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"content": "AUD to USD Forecast: The RBA and Fed Speakers in the Spotlight\n==========\n\nThe article discusses the forecast for the AUD to USD exchange rate, focusing on the role of the Reserve Bank of Australia (RBA) and Federal Reserve (Fed) speakers. The RBA's more hawkish stance on interest rates has led to gains for the AUD/USD pair. The RBA Chart Pack, which considers financial markets and the macroeconomic environment, will be released and could provide further insights. Private sector data from Australia showed a weakening industrial sector, but had limited impact on the AUD. In the US, trade data and speeches from FOMC members will be important. The AUD/USD price action suggests a bearish trend, with resistance at the 50-day and 200-day EMAs. A break below the $0.64900 support level could lead to further declines. The 4-hourly chart also indicates a bearish price trend. Overall, the AUD/USD forecast depends on central bank commentary, China's economic situation, and the Fed's stance on interest rates.\n\n#Aud/usd #Rba #Fed #InterestRates #EconomicOutlook #TradeData #Fomc #BearishTrend\n\nhttps://www.fxempire.com/forecasts/article/aud-to-usd-forecast-the-rba-and-fed-speakers-in-the-spotlight-1407784",
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