The Australian Dollar (AUD) has been performing well. This is attributed to comments from the Reserve Bank of Australia (RBA) Governor, indicating that if inflation pressures persist, a more significant tightening may be the appropriate policy response. The market seems to interpret this as a possibility of additional rate hikes.
Considering this development, it may be a good opportunity to consider buying AUDUSD.
Please note that previous long positions on BTCUSD and EURUSD have already been stopped out.
