Australia Dollar Drivers and Outlook

AUD/USD has led the relief rally but with inflation remaining high can stocks resume uptrend or are we just in a bear market bounce.

We will soon find out as AUD and EUR/USD and US Stocks have all run into resistance at the normal sort of bounce levels and we have stalled now for 2 days.

If we break down lower or higher here we have to respect the markets price action as it likely driven by US stocks or Interest rates not Australian news.