AUD/USD remains sideways

Whilst the AUD/USD is currently in a medium and longer term upward trend, I think that it looks constrained around the 0.6750 – 0.6722 mark.

My read is that it needs make a ‘higher high’. If not, the AUD/USD will continue its digestive and consolidation pattern lower.

and so….it would go for commodities and bond yields.

May 16, 2024

by Rob Zdravevski

rob@karriasset.com.au