Waves Scuot Forex

Main Menu

Selling the Retrace in AUD/USD, With the RBA Not Looking to Hike Interest Rates Until 2024

News, Forex
2640
76
Share:
AUD/USD,

The AUD/USD had been one of the most bullish pairs since the coronavirus started in March last year. But, it turned bearish in February, and the restrictions in Australia; due to the coronavirus, have been hurting the AUD further. Now, this pair looks quite bearish. and we have been selling the retraces higher.

In the last few sessions, we have seen another retrace higher. but the 200 SMA (gray) held as resistance on the H4 chart. The price formed a doji – which is a bearish reversing signal – below it, and it is now reversing down, although we did see it pierce above the 20 SMA for a brief moment. But, that has been the case throughout this month for the AUD/USD, and the price reversed back down, which is also a bearish signal.

The Reserve Bank of Australia RBA has released the minutes of its last meeting, and it seems like they have no plans to raise interest rates, at least until 2024, which is yet another bearish signal. So, we opened a sell signal in AUD/USD, which you can find on our signals page, and now, we are waiting for the reversal.

The AUD/USD; Reserve Bank of Australia Policy Meeting Minutes

  • Central bank’s scenario is that conditions for rate rise will not be met until 2024.
  • The board committed to maintaining highly supportive monetary conditions.
  • The outbreak of the delta variant has delayed, but not derailed, the recovery.
  • The economy was expected to bounce back as vaccination rates increase and restrictions are eased.
  • The board will continue to review the bond purchase program in light of economic conditions and the health situation.
  • Considerable uncertainty about the timing and pace of the recovery; which was likely to be slower than previously experienced.
  • Bank’s bond purchase program is expanding faster; relative to the stock of bonds outstanding. than that of many other central banks.
  • Members continued to emphasize the importance of maintaining lending standards.
  • Progress towards the bank’s goals was likely to take longer and was less assured, given delta.
  • Members recognize that the outbreak of the delta variant is delaying the recovery and has added to the uncertainty about the future.

At the September meeting; the bank reaffirmed its commitment to a ‘taper’ but hedged somewhat by extending the program into the early months of next year.

Tagsfree signalforexanalyzeNEWSDollarNEWSnews forex
Share:
Previous Article

Markets Gearing Up for the FED Meeting ...

Next Article

All Eyes on BOJ, BOE as GBP/JPY ...

Related articles

76 comments

  11. Lane 30 September, 2021 at 20:56 Reply

    Please let me know if you’re looking for
    a article writer for your blog. You have some really great posts and I believe I would be a good
    asset. If you ever want to take some of the load off,
    I’d absolutely love to write some content for your blog in exchange for a link back to mine.
    Please send me an email if interested. Many thanks!

    my web site – Lane

  15. substance abuse treatment 30 September, 2021 at 21:06 Reply

    My spouse and i were really happy that Raymond
    could carry out his preliminary research from
    the precious recommendations he discovered while using the
    web page. It is now and again perplexing to just find yourself releasing tricks
    a number of people may have been trying to sell.
    Therefore we take into account we’ve got the blog owner to
    give thanks to for this. These explanations you made, the easy site menu, the relationships your site assist to engender – it is all exceptional, and it is facilitating our son in addition to the family understand the idea is cool,
    and that’s tremendously indispensable. Thank you for the whole lot!

    My homepage substance abuse treatment

  26. burn fat 30 September, 2021 at 23:24 Reply

    Definitely believe that that you stated. Your favorite reason seemed to be on the web the easiest factor to bear in mind of.
    I say to you, I definitely get annoyed even as
    folks think about issues that they plainly don’t realize about.
    You controlled to hit the nail upon the highest as neatly as outlined out the whole thing
    without having side-effects , other folks can take a signal.
    Will likely be back to get more. Thanks

    Also visit my homepage :: burn fat

  27. Tracey 1 October, 2021 at 00:08 Reply

    What’s up friends, how is the whole thing, and what you want to
    say on the topic of this piece of writing, in my view its genuinely awesome
    for me.

  30. coping with eczema 1 October, 2021 at 00:45 Reply

    I must thank you for the efforts you have put in writing this
    website. I’m hoping to check out the same high-grade blog posts by
    you in the future as well. In fact, your creative writing abilities has inspired
    me to get my own, personal site now 😉

    My web site … coping with eczema

  32. Suzette 1 October, 2021 at 08:44 Reply

    After looking at a few of the blog posts on your site, I seriously like
    your way of writing a blog. I book marked it to my bookmark
    site list and will be checking back soon. Please check out my web site too and tell me
    what you think.

  33. bad skin 1 October, 2021 at 23:48 Reply

    I’ve learn some excellent stuff here. Definitely worth bookmarking for revisiting.
    I wonder how so much effort you place to make
    this sort of fantastic informative web site.

    my blog post :: bad skin

  35. good skin care 8 October, 2021 at 22:54 Reply

    good skin care day very cool web site!!
    Man .. Beautiful .. Amazing .. I’ll bookmark your web site and take the feeds also?
    I’m happy to search out numerous helpful information here in the post, we’d
    like work out extra strategies on this regard, thank you for sharing.
    . . . . .

  39. growing cannabis seeds 10 October, 2021 at 16:55 Reply

    We wish to thank you again for the stunning ideas you offered Jesse when preparing a post-graduate research as well as, most importantly, with regard to
    providing all of the ideas in a blog post. In case we had been aware of your web-site a year
    ago, we would have been saved the pointless measures we were participating
    in. Thank you very much.

    my site … growing cannabis seeds

  44. hair loss 11 October, 2021 at 04:57 Reply

    Hi there, just turned into alert to your weblog via Google, and found that it is really
    informative. I’m gonna watch out for brussels.
    I’ll appreciate when you proceed this in future.
    Lots of people will probably be benefited out of your writing.

    Cheers!

    My website – hair loss

  51. khoquet.com 12 October, 2021 at 02:32 Reply

    Unquestionably believe that which you stated. Your favorite justification seemed to be on the net the simplest thing to be aware
    of. I say to you, I certainly get annoyed while people think about worries that they plainly do not know about.
    You managed to hit the nail upon the top as well as defined
    out the whole thing without having side-effects ,
    people can take a signal. Will likely be back to get more.

    Thanks

    my page – khoquet.com

  53. Chassidy 13 October, 2021 at 11:09 Reply

    I seriously love your blog.. Excellent colors & theme. Did you build this site yourself?
    Please reply back as I’m trying to create my own personal blog and want to find out where you got this from or exactly what the theme
    is called. Many thanks!

    Here is my site – Chassidy

  55. save refuges 8 June, 2022 at 23:54 Reply

    I have been surfing online more than three hours today, yet I never found any interesting article like yours.
    It is pretty worth enough for me. In my opinion, if all web owners and bloggers made good content as you did, the web
    will be much more useful than ever before. save refuges

Leave a reply

1 + 17 =

© Copyright Your Site Name. All rights reserved.
Translate