🔔🔔🔔AUD/USD news:
➡️ The Australian Dollar (AUD) managed to recover part of Tuesday’s losses, helping the AUD/USD pair regain upward momentum and approach the yearly high of 0.6440 once again, although it later slipped below the 0.6400 level as the trading day progressed.
➡️ The pair rebounded despite the strength of the U.S. Dollar (USD), likely due to a positive market reaction to reports that the White House might be considering tariff reductions on Chinese goods. This development benefits Australia’s economy, which is closely tied to China, and reduces the country's vulnerability to escalating trade tensions.
Personal opinion:
➡️ The USD has recovered its upward momentum for the second consecutive day and is performing well after a series of sell-offs. Positive economic information and US-China trade activities will make the USD more confident and recover stronger than the AUD.
➡️ Analysis based on resistance - support levels and Pivot points combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup
👉Sell AUD/USD 0.6390 - 0.6400
❌SL: 0.6445 | ✅TP: 0.6350 - 0.6300
FM wishes you a successful trading day 💰💰💰
➡️ The Australian Dollar (AUD) managed to recover part of Tuesday’s losses, helping the AUD/USD pair regain upward momentum and approach the yearly high of 0.6440 once again, although it later slipped below the 0.6400 level as the trading day progressed.
➡️ The pair rebounded despite the strength of the U.S. Dollar (USD), likely due to a positive market reaction to reports that the White House might be considering tariff reductions on Chinese goods. This development benefits Australia’s economy, which is closely tied to China, and reduces the country's vulnerability to escalating trade tensions.
Personal opinion:
➡️ The USD has recovered its upward momentum for the second consecutive day and is performing well after a series of sell-offs. Positive economic information and US-China trade activities will make the USD more confident and recover stronger than the AUD.
➡️ Analysis based on resistance - support levels and Pivot points combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup
👉Sell AUD/USD 0.6390 - 0.6400
❌SL: 0.6445 | ✅TP: 0.6350 - 0.6300
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.