I think because of the Chinese New Year holidays, Australia's trade, especially iron ore, will decline, and that will affect the Australian dollar.
The US dollar has a strong foundation against the AUD, and due to the completion of taparing and rising interest rates in March, it can reduce the pair to marked levels in chart.
The US dollar has a strong foundation against the AUD, and due to the completion of taparing and rising interest rates in March, it can reduce the pair to marked levels in chart.
Note
It went in the direction of analysisTrade closed: target reached
This analysis successfully reached the first TP and was closed
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.
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.