AUD/USD – Week 6 – Consolidation not over yet.
Updated
On Friday’s trading session, the Australian Dollar erased the weekly losses against the US Dollar as the Non-Farm Payrolls data impacted negatively the “Greenback”.
In the coming week, our technical perspective for AUDUSD points out for a price increase that could potentially push the pair to the 0.78 level. Our long-term view for the “Aussie” is very bullish, but not before this consolidation is over.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In the coming week, our technical perspective for AUDUSD points out for a price increase that could potentially push the pair to the 0.78 level. Our long-term view for the “Aussie” is very bullish, but not before this consolidation is over.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade closed: target reached
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