AUD USD Outlook: Headwinds from China Data and RBA Policy The Australian dollar remains vulnerable this week as fresh signs of deflation from China and soft Q1 GDP data fuel expectations of a July rate cut from the Reserve Bank of Australia (RBA) With AUD USD repeatedly failing to hold above 65c, traders now turn their focus to upcoming US inflation
Roadmap - A Way To Read Markets | Page 299 | Forex Factory Good markup run and at the high two failed reversals the failed PA actually becomes a re-hike Thereafter the second failed reversal but it also could be MMs anticipated the clearout and put price in a new up and down range to coax in more longs to fill there own short orders, later a markdown and the market gets into re-distribution phase