AUDUSD is currently Overvalued against the US dollar
We have 3 Supply zone highlighted wherein the price broke through Supply #1
Price is currently at Supply zone #2 and might reach Supply Zone # 3 depends if the USD reaches Demand zone because they are negatively correlated. If DXY went in the Demand zone (See other Idea on my page) The AUDUSD should Follow.
Other Factor is FED Chair Powell speech on Thursday might be the catalyst for the Forex Major pairs Huge Bearish move.
Disclaimer:
Do your own analysis and Trade Safe.
We have 3 Supply zone highlighted wherein the price broke through Supply #1
Price is currently at Supply zone #2 and might reach Supply Zone # 3 depends if the USD reaches Demand zone because they are negatively correlated. If DXY went in the Demand zone (See other Idea on my page) The AUDUSD should Follow.
Other Factor is FED Chair Powell speech on Thursday might be the catalyst for the Forex Major pairs Huge Bearish move.
Disclaimer:
Do your own analysis and Trade Safe.
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.
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.