Falling unemployment, falling inflation, increased retail sales, increased exports (with only increased imports to blight the picture); with recent economic data like this surely the AUD must be screaming higher on the back of solid fundamentals! Hard to explain to a beginner why the AUD is 4% lower over the last 2 weeks!
That’s why we use market news and technical analysis for short and medium term views and use fundamentals for the longer term stuff.
