AUDUSD Long
I like buying AUDUSD here
We've tried going below a key level and haven't been able to hold it so far.
overall narrative for lower AUDUSD has been a hawkish fed and global growth worries on the back of rising china covid cases and lockdowns. covid cases in china are falling and we've seen some officials talking about supporting the chinese economy further which could help.
iron ore is moving a touch higher as well as copper, we also have the AUD yields continuing to rise on the back of the RBA turning hawkish more recently.
sentiment is very low which i think could indicate a turn.
We have US CPI today, a confirmation of falling US CPI could provide a relief to the upside on the back of soothing stagflation worries and possibly reducing some fed hike pricing.
Not trading/investment advise, feedback welcome!
We've tried going below a key level and haven't been able to hold it so far.
overall narrative for lower AUDUSD has been a hawkish fed and global growth worries on the back of rising china covid cases and lockdowns. covid cases in china are falling and we've seen some officials talking about supporting the chinese economy further which could help.
iron ore is moving a touch higher as well as copper, we also have the AUD yields continuing to rise on the back of the RBA turning hawkish more recently.
sentiment is very low which i think could indicate a turn.
We have US CPI today, a confirmation of falling US CPI could provide a relief to the upside on the back of soothing stagflation worries and possibly reducing some fed hike pricing.
Not trading/investment advise, feedback welcome!
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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.