Strifor || AUDUSD-16/04/2024
Preferred direction: BUY
Comment: We also continue to follow the buy-priority for currencies in the Pacific region. The AUD is expected to recover to the level of 0.65010. It should be noted here that the growth potential is less than that of the euro and pound (one can take a look at these ideas). The trade is intended more for the short term, i.e. 1-2 days. It is unlikely that the instrument will make another update of the lows towards the level of 0.63820, but we do not completely exclude this option and label it as scenario №2. The most likely move for AUDUSD is designated as scenario №1.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: We also continue to follow the buy-priority for currencies in the Pacific region. The AUD is expected to recover to the level of 0.65010. It should be noted here that the growth potential is less than that of the euro and pound (one can take a look at these ideas). The trade is intended more for the short term, i.e. 1-2 days. It is unlikely that the instrument will make another update of the lows towards the level of 0.63820, but we do not completely exclude this option and label it as scenario №2. The most likely move for AUDUSD is designated as scenario №1.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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