🔔🔔🔔AUD/USD news:
➡️ The AUD/USD pair traded below the 0.6400 level, hovering near its weekly low reached earlier on Friday amid mixed signals. The US Dollar remained firm near a one-month high after the Federal Reserve paused with a hawkish tone on Wednesday, putting downward pressure on the pair.
➡️ This movement occurred as market sentiment improved regarding US-China trade relations ahead of upcoming weekend talks, while the announcement of a new US-UK trade agreement also contributed to the US Dollar’s strength.
Personal opinion:
➡️ The DXY has a third consecutive day of gains and shows no signs of stopping due to support from positive US news. Therefore, AUD/USD will continue to be under pressure in the short term. And wait for positive news from the US-China negotiations.
➡️ However, AUD/USD is oversold and there will be a technical pullback before the pair continues its downtrend
➡️ Analyze based on resistance - support levels combined with trend lines and EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Sell AUD/USD 0.6410 - 0.6420
❌SL: 0.6440 | ✅TP: 0.6355
FM wishes you a successful trading day 💰💰💰
➡️ The AUD/USD pair traded below the 0.6400 level, hovering near its weekly low reached earlier on Friday amid mixed signals. The US Dollar remained firm near a one-month high after the Federal Reserve paused with a hawkish tone on Wednesday, putting downward pressure on the pair.
➡️ This movement occurred as market sentiment improved regarding US-China trade relations ahead of upcoming weekend talks, while the announcement of a new US-UK trade agreement also contributed to the US Dollar’s strength.
Personal opinion:
➡️ The DXY has a third consecutive day of gains and shows no signs of stopping due to support from positive US news. Therefore, AUD/USD will continue to be under pressure in the short term. And wait for positive news from the US-China negotiations.
➡️ However, AUD/USD is oversold and there will be a technical pullback before the pair continues its downtrend
➡️ Analyze based on resistance - support levels combined with trend lines and EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Sell AUD/USD 0.6410 - 0.6420
❌SL: 0.6440 | ✅TP: 0.6355
FM wishes you a successful trading day 💰💰💰
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX 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.