
AUD/USD Stuck Below 70c Amid Hawkish RBA, Weak Business Sentiment
AUD/USD remains below 70c as hawkish RBA minutes contrast with weaker business confidence. Australian jobs data and US CPI are the next catalysts.
Expertise: FX Macro, Technical Analysis, Sentiment
Trading Style: Mean reversion/inflection points, the occasional trend
Experience:

AUD/USD remains below 70c as hawkish RBA minutes contrast with weaker business confidence. Australian jobs data and US CPI are the next catalysts.

Gold (XAU/USD) shows signs of quiet accumulation above $4,000 despite US dollar strength, with fading bearish momentum and dip buyers eyeing a rebound.

USD/CAD rally shows signs of exhaustion despite weak Canadian jobs data, while AUD and GBP could offer CAD bears better opportunities.

Swiss franc safe-haven demand surges as Australian dollar shorts hit a record high. USD bulls add $10.1 billion to net longs in the latest COT report.

AUD/USD faces a volatile week as Middle East tensions, rising oil prices, RBA minutes, Australian jobs and US CPI test the Aussie's recovery.

Gold bears approach major support around $4,000, while USD/CHF shows signs of a bearish reversal. Middle East tensions add to market uncertainty.

USD/JPY stalls at its 200-day SMA as bullish momentum fades, while AUD/JPY hints at a swing high. Japanese yen reversal risks are building.

WTI crude holds support as bearish momentum fades, while Brent shows relative strength and positioning hints at a possible rebound.

USD/CAD retreats from stretched highs as the US dollar rally cools, with softer yields, Canadian trade strength and crude oil in focus.
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