AUDUSD - SELL - Scalp
Reason why USD stronger than AUD
Plus return to previous level pattern
Wycoff
1. **Economic Size**:
- The U.S. has a larger and more stable economy than Australia.
2. **Interest Rates**:
- The U.S. often has higher interest rates, attracting more foreign investment.
3. **Safe-Haven Status**:
- The USD is considered a safe haven during global uncertainties, boosting demand.
4. **Economic Diversity**:
- The U.S. has a diverse and technologically advanced economy, making the USD more resilient.
5. **Global Reserve Currency**:
- The USD is the world’s primary reserve currency, leading to higher global demand.
Plus return to previous level pattern
Wycoff
1. **Economic Size**:
- The U.S. has a larger and more stable economy than Australia.
2. **Interest Rates**:
- The U.S. often has higher interest rates, attracting more foreign investment.
3. **Safe-Haven Status**:
- The USD is considered a safe haven during global uncertainties, boosting demand.
4. **Economic Diversity**:
- The U.S. has a diverse and technologically advanced economy, making the USD more resilient.
5. **Global Reserve Currency**:
- The USD is the world’s primary reserve currency, leading to higher global demand.
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.