Focus on Interest Rate Differential and Chinese Stimulus in AUD/USD Daily Forecast

Welcome to Extreme Investor Network, where we provide you with unique insights and analysis on the stock market, trading, and all things Wall Street. In this blog post, we will dive into the latest trends in the market, focusing on the US Economic Calendar and the AUD/USD price action.

The US Economic Calendar is always a key area of focus for investors, and this week is no different. FOMC members Raphael Bostic and Michael Barr are set to speak, and their comments could impact the demand for the US dollar. With expectations of a September rate cut, the size of the cut remains uncertain, with a 77.0% probability of a 25-basis point cut according to the CME FedWatch Tool.

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In the short term, AUD/USD trends will be influenced by central bank guidance and FOMC member support for rate cuts. Keeping an eye on real-time data, news updates, and expert commentary will be crucial in adjusting your trading strategies. At Extreme Investor Network, we make sure to provide you with the latest views and analysis to help you navigate the forex markets successfully.

Looking at the AUD/USD price action, the currency pair has been bullish, remaining above key EMAs. A breakout above $0.67500 could lead to further gains towards resistance levels, while a break below $0.67003 could indicate a potential drop. With the Daily RSI reading at 65.80, there is still room for the Aussie dollar to move higher before entering overbought territory.

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As you continue to monitor the market, remember to stay informed and stay tuned to Extreme Investor Network for expert analysis and insights to enhance your trading decisions.

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