Market Analysis of AUDUSD on Wednesday July

AUDUSD

Technical Analysis
AUDUSD have big potential to sell around 0.67823. This particular area have big resistance or rejection from the previous level higher time frame, it means lots of buyers took profit and sellers decided to involve in. Based on volume indicator the momentum for buyer is weakening. Target price at 0.67346


Fundamental Analysis
The outlook for the Australian economy in the coming months is uncertain. The RBA will need to balance the need to cool inflation with the risk of a recession. The war in Ukraine and the slowdown in China are also major risks to the global economy, which could have a knock-on effect on Australia.
 DISCLAIMER:The information on this analysis is based on research and experience, and it is not guaranteed to be accurate or complete