Aussie Momentum Shift
1. October’s strong spending jump has completely changed the tone after a cautious Q3, boosting expectations that the RBA might lean toward another rate hike.
2. The upbeat data has pushed AUD/USD higher, with technical signals still favouring the bulls.
3. Even so, bond futures look a bit overextended, which means a pullback or squeeze could still hit the market.
Instrument: AUD/USD | Sentiment: Positive
