The pair is at 0.66 on the downside due to the 50/50 uncertainty around the next RBA rate rise. The price is trending in the channel and should rebound to above 0.67 . Inflation is falling and the GDP in Australia is rising . Next decision date is on Tuesday the 1st of August .
Many homeowners and property investors are really struggling right now with the rising interest rates, it will especially get harder when the fixed interest rate mortgages expire and become variable . The labour market is still tight and adds to inflation. All these interest rate rises and the governments economic growth strategy of bringing more immigrants to Australia is having a knock on effect on the renters, as we have a housing crisis in in all major cities and many families are becoming homeless in situations where not even social services can help out.
Mountain Tech Analysis 
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