🔔🔔🔔 AUD/USD news:
➡️ The AUD/USD pair extended its winning streak into a fifth consecutive session on Tuesday, revisiting its monthly high around 0.6390. The Australian dollar has shown notable strength in recent days, despite the escalating trade tensions between the U.S. and China, which have dampened Australia’s economic outlook. U.S. President Trump announced a 90-day suspension of reciprocal tariffs for all trade partners except China.
Personal view:
➡️ The Australian dollar tends to underperform on a weakening Chinese economic outlook, as Australia relies heavily on exports to the Asian giant. Therefore, the pair’s upside potential may be limited in the near term.
➡️ From a technical perspective, the RSI has turned lower after entering overbought territory and is showing signs of bearish divergence, further supporting the possibility of a decline in the pair in the near term.
➡️ Analysis based on resistance - support levels and EMA combined with RSI to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell AUD/USD 0.6360 – 0.6370
❌SL: 0.6410 | ✅TP: 0.6300 – 0.6240
FM wishes you a successful trading day 💰💰💰
➡️ The AUD/USD pair extended its winning streak into a fifth consecutive session on Tuesday, revisiting its monthly high around 0.6390. The Australian dollar has shown notable strength in recent days, despite the escalating trade tensions between the U.S. and China, which have dampened Australia’s economic outlook. U.S. President Trump announced a 90-day suspension of reciprocal tariffs for all trade partners except China.
Personal view:
➡️ The Australian dollar tends to underperform on a weakening Chinese economic outlook, as Australia relies heavily on exports to the Asian giant. Therefore, the pair’s upside potential may be limited in the near term.
➡️ From a technical perspective, the RSI has turned lower after entering overbought territory and is showing signs of bearish divergence, further supporting the possibility of a decline in the pair in the near term.
➡️ Analysis based on resistance - support levels and EMA combined with RSI to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell AUD/USD 0.6360 – 0.6370
❌SL: 0.6410 | ✅TP: 0.6300 – 0.6240
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.