Hello everybody, AUDUSD has broken its downtrend that began all the way back in January. With trade relations between the United States and China seemingly beginning to improve, and economic data from Australia consistently surpassing expectations, I believe we are bullish on this pair for the foreseeable future. TP 1 for AUDUSD is 0.75, TP 2 is .775. I will be looking to buy the Aussie Dollar against the pound and yen as well, given the high strength of the US dollar, but only time will tell how long the uptrend in the DXY will continue.
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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.