➡️ October 2021 turned out to be quite successful for the currency pair, largely due to the expectations of an increase in the interest rate from the RBA. The market put this fact into the price of the instrument, but this does not in any way correspond to the officially announced RBA, which are restrained.
In the minutes of the October meeting, the RBA showed a rather hawkish attitude, stating that unlike other global economies, there is no increase in pressure from wages in Australia.
It was also noted that the Central Bank does not plan to raise the rate earlier than 2024 - although the markets expect the first increase in the second half of 2022.
Thus, the anticipation of an interest rate hike in the near future inherent in the price would force the pair to roll back down. We must not forget about the strengthening US dollar, the growth potential of which has not yet faded away and will show itself soon.
🔔Proposed deal for this tool🔔:
🔵Entry Point - 0.74945
⛔️Stop Loss - 0.75215
✅Take Profit - 0.74675
Thanks for your comments and likes 👍
In the minutes of the October meeting, the RBA showed a rather hawkish attitude, stating that unlike other global economies, there is no increase in pressure from wages in Australia.
It was also noted that the Central Bank does not plan to raise the rate earlier than 2024 - although the markets expect the first increase in the second half of 2022.
Thus, the anticipation of an interest rate hike in the near future inherent in the price would force the pair to roll back down. We must not forget about the strengthening US dollar, the growth potential of which has not yet faded away and will show itself soon.
🔔Proposed deal for this tool🔔:
🔵Entry Point - 0.74945
⛔️Stop Loss - 0.75215
✅Take Profit - 0.74675
Thanks for your comments and likes 👍
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has been updated to Break-even🎯
