TGDMANAGEMENT || USD gains very LIKELY ||
As expected in my last published idea, price dropped 100 pips after rising 1.32% since the start of the year. This was clear indication that buyers were struggling to gain momentum three months into the year. Fundamentals also didn’t favor the buyers a strong Non-Farm Payroll report help sink the asset. With the market turning key price support levels into resistance, it is clearly evident that this financial asset is Bearish. USD strength continues to dominate as the AUD has failed to update its highs. (Previous Analysis linked Below)
Price is in a Range forming above the 0.65500 support level, with bearish momentum still in the market. AUDUSD might fall below the range and support level towards November 2022 lows at 0.63954
Alternative Scenario: With Key data expected to be released this week I expect a pause in the selloff of this pair as investors may be digesting how the figures may affect their portfolios
Price is in a Range forming above the 0.65500 support level, with bearish momentum still in the market. AUDUSD might fall below the range and support level towards November 2022 lows at 0.63954
Alternative Scenario: With Key data expected to be released this week I expect a pause in the selloff of this pair as investors may be digesting how the figures may affect their portfolios
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