Mulakan
CityIndex

AUD rally stalls ahead of key US PCE inflation report

Singkat
Dolar Australia / Dolar A.S. (FX_IDC:AUDUSD)  
CityIndex Broker Telah dikemas kini   
FX_IDC:AUDUSD   Dolar Australia / Dolar A.S.
Trend Analysis Support and Resistance Candlestick Analysis aud AUDUSD Forex fx audusdanalysis audusdforecast aussie audusdshort audusdsignal
7
0
trendanalysis supportandresistance candlestick aud audusd forex fx audusdanalysis audusdforecast aussie audusdshort audusdsignal
The Australian dollar’s rally has met its match around a key resistance area, which includes the January trendline and Q3 open price. A 2-bar reversal formed on Wednesday, following RSI reaching overbought the day prior. And as the US dollar has weakened on bets on Fed cuts ahead of a key PCE inflation report, I suspect there may be some disappointment and the potential for a USD dollar bounce.

This is why we’re looking for some mean reversion and towards the 0.6570 at a minimum (near its 200-day EMA) or support around 65c.

Bears could seek to fade into low volatility retracements within Wednesday’s range, while prices remain beneath Wednesday’s high.
Dagangan ditutup: sasaran tercapai

Idea Berkaitan

CityIndex
Potential swing trade long on AUD/USD
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.