AUDUSD: Good pair to trade with current fundamentals
I'm very bearish in AUD, fundamentally I think there's a chance we'll see another pause from the BoA this week.
I see a strong US and though this may not play out in DXY, against weaker pairs the USD should show its current strength.
Even before that, with short term USD strength and a weakening Australian Dollar I think we'll break through resistance and out of this sideways channel.
I think we have a double top on the daily, we need confirmation below current levels (neckline break) and with that we could ultimately see falls to the 0.61 levels.
We've had a break of the rising trendline so will be looking to get in with a retest and LTF confirmation.
I see a strong US and though this may not play out in DXY, against weaker pairs the USD should show its current strength.
Even before that, with short term USD strength and a weakening Australian Dollar I think we'll break through resistance and out of this sideways channel.
I think we have a double top on the daily, we need confirmation below current levels (neckline break) and with that we could ultimately see falls to the 0.61 levels.
We've had a break of the rising trendline so will be looking to get in with a retest and LTF confirmation.
Dagangan aktif
Nota
So far so good!Dagangan ditutup secara manual
Closing to bank my pips ahead of US NFP, Unemployment and Avg. Earnings today
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.