AUDUSD: Good pair to trade with current fundamentals
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I'm very bearish in AUD, fundamentally I think there's a chance we'll see another pause from the BoA this week.
I see a strong US and though this may not play out in DXY, against weaker pairs the USD should show its current strength.
Even before that, with short term USD strength and a weakening Australian Dollar I think we'll break through resistance and out of this sideways channel.
I think we have a double top on the daily, we need confirmation below current levels (neckline break) and with that we could ultimately see falls to the 0.61 levels.
We've had a break of the rising trendline so will be looking to get in with a retest and LTF confirmation.
I see a strong US and though this may not play out in DXY, against weaker pairs the USD should show its current strength.
Even before that, with short term USD strength and a weakening Australian Dollar I think we'll break through resistance and out of this sideways channel.
I think we have a double top on the daily, we need confirmation below current levels (neckline break) and with that we could ultimately see falls to the 0.61 levels.
We've had a break of the rising trendline so will be looking to get in with a retest and LTF confirmation.
Giao dịch đang hoạt động
Ghi chú
So far so good!Giao dịch được đóng thủ công
Closing to bank my pips ahead of US NFP, Unemployment and Avg. Earnings today
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