Just noticed something interesting with the Aussie dollar lately. Started the year pretty strong, but now it's hitting some walls. The AUD/USD just broke its nine-day winning streak on Friday—that was the longest run in almost a decade, so it's worth paying attention to.



Looking at the broader picture, there's some mixed signals across different pairs. AUD/CAD formed what looks like a shooting star at last year's highs, which usually suggests some exhaustion creeping in. Meanwhile AUD/JPY has been showing uncertainty around that 110 level, stuck between an inside week and a spinning-top pattern. Even AUD/NZD is pulling back for the third consecutive week now.

The thing is, a lot of traders seem to be pricing in a hawkish RBA move already. You see it reflected in how these pairs are consolidating or backing off after that strong start. Even if you're looking at cross-pairs like tracking TRX to AUD conversions or other alt pairs, the broader AUD strength story might be running out of steam for now. The market's probably already front-running whatever the central bank is about to do, which could mean we're due for a pause or some consolidation before the next leg.
TRX0,06%
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