$AUDUSD Forex Signal: Bearish Pennant Points to a Drop to 0.6600
RBA and Fed divergenceinterest rate decision. In it, the Fed decided to hike interest rate by 0.50%, pushing them to the highest level in more than 15 years. The rate increase was in line with what analysts were expecting.
As a result, the statement was a divergence from what the Reserve Bank of Australia has been doing. The RBA has hiked rates by 0.25% in the past three straight meetings and hinted that its rate hiking cycle was about to end.
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