AUDUSD: reaching resistance zone
This pair is in a weekly downtrend from 0.976 in 2013 to recent 0.7185.
As price had tested 0.7185, touching the descending trend line and successfully retraced a little, signals that AUDUSD is still quite strong and might seek to test 0.718 again.
Keeping an eye on how this pair act near 0.718-0.72.
As for fundamental side, Fed Interest Rate Decision and FOMC Statement in this week would contribute huge to the price action. I would like to see a rebounce of US dollar with the news flow.
As price had tested 0.7185, touching the descending trend line and successfully retraced a little, signals that AUDUSD is still quite strong and might seek to test 0.718 again.
Keeping an eye on how this pair act near 0.718-0.72.
As for fundamental side, Fed Interest Rate Decision and FOMC Statement in this week would contribute huge to the price action. I would like to see a rebounce of US dollar with the news flow.
Nota
price break down though 0.707 to confirm the downtrend
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.
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.