Strifor || AUDUSD-26/03/2024
Preferred direction: BUY
Comment: In addition to the New Zealand dollar, the idea that we described a little earlier, its "older brother" the Australian dollar is also excellent for longs. The idea is still the same, namely the medium-term weakening of the American currency.
We highlight two scenarios for the development of events with a common target at the level of 0.66500. Scenario №1 allows one to open buy-trades from current prices, but we don’t forget scenario №2 and keep it in reserve.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: In addition to the New Zealand dollar, the idea that we described a little earlier, its "older brother" the Australian dollar is also excellent for longs. The idea is still the same, namely the medium-term weakening of the American currency.
We highlight two scenarios for the development of events with a common target at the level of 0.66500. Scenario №1 allows one to open buy-trades from current prices, but we don’t forget scenario №2 and keep it in reserve.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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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.