Post #15460

RBA Turns Hawkish Price has cleanly broken above prior resistance at 0.66200, confirming bullish momentum. Eyes now on the next key level at 0.66800 — the recent high. The RBA held rates at 3.6%, but Governor Bullock shocked markets with hawkish press conference remarks, signaling discomfort with inflation and opening the door to future rate hikes. Markets responded by repricing odds for a hike as early as February. Rate expectations are now shifting up, fueling AUD strength. - Alan