Preferred direction: SELL
Comment: The Australian dollar is also expected to undergo a downward correction, as we suppose. Against the background of today's NFP, the instrument may even grow towards the level of 0.66659, but in the medium term, it is unlikely that the buyer will be able to gain a foothold. Perhaps not today, then at the beginning of next week, against the backdrop of depleted purchasing power, the price will tend to the level of 0.65500.
There are assumptions about a fall to support 0.65010, where a very large accumulation of long positions is located, and a re-test of this area very much suggests itself. However, this is another story, for now, we limit ourselves to the target at the level of 0.65500.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The Australian dollar is also expected to undergo a downward correction, as we suppose. Against the background of today's NFP, the instrument may even grow towards the level of 0.66659, but in the medium term, it is unlikely that the buyer will be able to gain a foothold. Perhaps not today, then at the beginning of next week, against the backdrop of depleted purchasing power, the price will tend to the level of 0.65500.
There are assumptions about a fall to support 0.65010, where a very large accumulation of long positions is located, and a re-test of this area very much suggests itself. However, this is another story, for now, we limit ourselves to the target at the level of 0.65500.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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