AUDUSD Medium-term forecast

14 thg 9, 2023AUDUSD is in a bearish trend with lows being created on high timeframes. With just a few days to go before the next FOMC meeting, we are expecting rates to stay at 5.50% which makes the dollar a more interesting currency to hold vs the australian dollar. Not also forgetting, the downfall of gold price which has a positive correlation with AUDUSD... A break below the triangle drawn above would confirm the bearish momentum and also make it a great breakout setup.

15 thg 9, 2023

Giao dịch được đóng thủ công

A retest of the last high is fairly possible. I will close now at entry point and wait for next to have a fresh bia and potentially re-enter.

17 thg 9, 2023

Bình luận

New week and the consensus is the same for the coming FED meeting. I am bullish on the USD so Bearish on this pair.

30 thg 9, 2023

Bình luận

First target hit. Still expecting full target to be hit by the end of Q4.