INTRADAY: FUTHUR UPSIDE ADVANCE
Hello Friends! AUDUSD May rise 23-43 pips during the Pre London to London session.
LONG POSITIONS above 0.7055 with targets at 0.7110 0.7130 and 0.7150
Alternatively below 0.7055 look for further downside with 0.7030 and 0.7000 as targets
Markets will be trading with a new government starting today in Australia with a huge shift in politics , the Aussie traders will be weighing in the implications for the market. Voters have turned their back on the ruling previous Labour Party and are instead backing those who campaigned for more action on climate change , greater gender equality and political integrity. The impact of the outcome will be felt most in fiscal policy.
Data also has not met the RBA Governor threshold of there needing to be a very strong argument for the RBA to switch from moves of 25bps in the coming months
This is an article not Financial Advice always do your own research
If you have questions you can write it in the comments below and I will answer them
And please don’t forget to support this idea with your likes and 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.
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.