AUDUSD trend forecast January 2, 2025
The Australian Dollar (AUD) strengthens against the US Dollar (USD) following the release of China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) on Thursday. As Australia and China share close economic ties, shifts in China’s economic data often influence Australian markets.
The Caixin Manufacturing PMI fell unexpectedly to 50.5 in December, down from 51.5 in November, against market expectations of 51.7. Wang Zhe, an economist at Caixin Insight Group, noted that while supply and demand showed growth, “Manufacturers’ output and demand remained positive, with output in expansion for 14 consecutive months and new orders increasing for the third straight month.”
AUD is having certain strength, the economy is quite stable, making the AUDUSD ratio quite good and maintaining the price increase zone.
/// BUY AUDUSD : zone 0.62050- 0.61900
SL: 0.61650
TP: 50 - 70 - 150pips ( 0.63400 )
Safe and profitable trading
The Australian Dollar (AUD) strengthens against the US Dollar (USD) following the release of China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) on Thursday. As Australia and China share close economic ties, shifts in China’s economic data often influence Australian markets.
The Caixin Manufacturing PMI fell unexpectedly to 50.5 in December, down from 51.5 in November, against market expectations of 51.7. Wang Zhe, an economist at Caixin Insight Group, noted that while supply and demand showed growth, “Manufacturers’ output and demand remained positive, with output in expansion for 14 consecutive months and new orders increasing for the third straight month.”
AUD is having certain strength, the economy is quite stable, making the AUDUSD ratio quite good and maintaining the price increase zone.
/// BUY AUDUSD : zone 0.62050- 0.61900
SL: 0.61650
TP: 50 - 70 - 150pips ( 0.63400 )
Safe and profitable trading
Trade active
+ 20 pips , signal BUY AUDUSD ( 0.62050 - 0,61900 ) Trade closed: target reached
AUDUSD returned to the entry buy price range, the market moved slowly
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
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.