highs<\/em>.<\/p>\n\n\n\nAUD\/USD is now trading just above the .6500 psychological handle that also marks the \u201cneckline\u201d of a Double Bottom pattern on the 4-hour time frame.<\/p>\n\n\n\n
Can AUD\/USD maintain its bullish\u00a0momentum?<\/p>\n\n\n\n
It will likely depend on risk appetite in the next\u00a0trading sessions.<\/p>\n\n\n\n
If traders continue to take risks and hate on the safe-haven dollar, then AUD\/USD could bust above its Double Bottom neckline and retest previous inflection points like .6675 or .6850.<\/p>\n\n\n\n
However, if the U.S. Treasury yields resume their upswing, or if this week\u2019s economic data releases put the spotlight back on global growth concerns, then AUD\/USD could dip back down to its September lows.<\/p>\n","protected":false},"excerpt":{"rendered":"
The RBA just surprised the markets with its 25 bps interest rate hike! Will the event push AUD\/USD above its\u00a0Double Bottom pattern? Check out what\u2019s cookin\u2019 on AUD\/USD\u2019s 4-hour chart: AUD\/USD: 4-hour AUD\/USD 4-hour Forex Chart In case you missed it, the Reserve Bank of Australia (RBA) raised its\u00a0interest rates\u00a0by 25 basis points to 2.60% […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10110"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=10110"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10110\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=10110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=10110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=10110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a><\/p>\n\n\n\nAUD\/USD 4-hour Forex Chart<\/p>\n\n\n\nIn case you missed it, the Reserve Bank of Australia (RBA) raised its\u00a0interest rates\u00a0by 25 basis points to 2.60% earlier today.<\/p>\n\n\n\nThis is a tad lower than the 50 bps rate hike that markets had expected and priced in especially when the Fed just raised its rates by 75 bps.<\/p>\n\n\n\nApparently, Governor Lowe and his team were (a) concerned about global growth and (b) wanted to wait and see how Australian households would react to the previous months\u2019 multiple rate hikes.AUD\/USD made new intraday lows at the report\u2019s release but market bulls \u2013 who were also pricing in a risk-friendly trading environment \u2013 stepped in to boost AUD to new intraday highs<\/em>.<\/p>\n\n\n\nAUD\/USD is now trading just above the .6500 psychological handle that also marks the \u201cneckline\u201d of a Double Bottom pattern on the 4-hour time frame.<\/p>\n\n\n\nCan AUD\/USD maintain its bullish\u00a0momentum?<\/p>\n\n\n\nIt will likely depend on risk appetite in the next\u00a0trading sessions.<\/p>\n\n\n\nIf traders continue to take risks and hate on the safe-haven dollar, then AUD\/USD could bust above its Double Bottom neckline and retest previous inflection points like .6675 or .6850.<\/p>\n\n\n\nHowever, if the U.S. Treasury yields resume their upswing, or if this week\u2019s economic data releases put the spotlight back on global growth concerns, then AUD\/USD could dip back down to its September lows.<\/p>\n","protected":false},"excerpt":{"rendered":"The RBA just surprised the markets with its 25 bps interest rate hike! Will the event push AUD\/USD above its\u00a0Double Bottom pattern? Check out what\u2019s cookin\u2019 on AUD\/USD\u2019s 4-hour chart: AUD\/USD: 4-hour AUD\/USD 4-hour Forex Chart In case you missed it, the Reserve Bank of Australia (RBA) raised its\u00a0interest rates\u00a0by 25 basis points to 2.60% […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10110"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=10110"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10110\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=10110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=10110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=10110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/bpcdn.co\/images\/2022\/10\/04024834\/AUDUSD.png\"){kind=link}