🔔🔔🔔AUD/USD new:
➡️ The AUD/USD pair climbed toward 0.6460 during Tuesday’s U.S. session.
➡️ The Australian dollar strengthened as risk-sensitive currencies outperformed following a successful resolution between the U.S. and China, who agreed to lower import tariffs after a two-day meeting in Switzerland, effectively easing trade tensions.
➡️ Additionally, weaker-than-expected U.S. CPI data weighed on the U.S. dollar, providing further support for the AUD/USD to move higher.
Personal opinion:
➡️ AUD/USD remains bullish in the short term after the above news supported the pair to maintain its upward momentum.
➡️ However, the pair is in overbought territory and is likely to have a pullback. So watch for technical pullbacks to buy at good prices.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with SMA to come up with a suitable strategy
FM's personal plan:
🔆Price Zone Setup:
👉Buy AUD/USD 0.6430 - 0.6440
❌SL: 0.6400 | ✅TP: 0.6490
FM wishes you a successful trading day 💰💰💰
➡️ The AUD/USD pair climbed toward 0.6460 during Tuesday’s U.S. session.
➡️ The Australian dollar strengthened as risk-sensitive currencies outperformed following a successful resolution between the U.S. and China, who agreed to lower import tariffs after a two-day meeting in Switzerland, effectively easing trade tensions.
➡️ Additionally, weaker-than-expected U.S. CPI data weighed on the U.S. dollar, providing further support for the AUD/USD to move higher.
Personal opinion:
➡️ AUD/USD remains bullish in the short term after the above news supported the pair to maintain its upward momentum.
➡️ However, the pair is in overbought territory and is likely to have a pullback. So watch for technical pullbacks to buy at good prices.
➡️ Analysis based on important resistance - support and Fibonacci levels combined with SMA to come up with a suitable strategy
FM's personal plan:
🔆Price Zone Setup:
👉Buy AUD/USD 0.6430 - 0.6440
❌SL: 0.6400 | ✅TP: 0.6490
FM wishes you a successful trading day 💰💰💰
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.