AUD: No Shock To Consensus

6 ก.ค. 2022

Fundamentals:
Market reluctant to turn less bearish..
China factor clouds Aussie demand..
pessimistic equity market.
Recent rate hike priced in - it was not shock to market consensus..
Aussie's statement at meeting was a cautious tone..
AUD will continue to fall relative to stronger countries..

Technicals:
Downtrend
2 year lows
Hosoda waves still incomplete
Mathis Waves still incomplete
Crown
target 0.6603