We have a fundamental Strength for AUD. That's retail sales.
Technically, we are at a weekly low and we just started getting buy signals here.
We expect the neutral anticipation of USD GDP to weaken the dollar.
The DXY is also at Weekly resistance so that should push Aussie at least to yesterday's high.
The market might get volatile so a wide stop loss is advisable. We are using 30.
Have a lovely day. Off to the gym.
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AUDUSD
Technically, we are at a weekly low and we just started getting buy signals here.
We expect the neutral anticipation of USD GDP to weaken the dollar.
The DXY is also at Weekly resistance so that should push Aussie at least to yesterday's high.
The market might get volatile so a wide stop loss is advisable. We are using 30.
Have a lovely day. Off to the gym.
PS: Like, Follow & Subscribe for more tips on
AUDUSD