AUDUSD bottom is in! One last pump before year end taper?
The aussie dollar make significant moves up this week. It looks like risk on assets across the board are ready to start moving up from here. We think price for the pair will continue to look up for upside early next week before correcting downwards for the first week of September. The last three weeks of September should be bullish for the pair and we expect to see this bullishness extend into October and maybe even November.
Bull Case
The price level that we're looking to the enter is 0.7243 after a correction from the top. We will ride this wave hard for the next few months to the 0.76 level.
Bear case
Any move downwards from here will be short-lived. We believe the bottom is in but if proven otherwise, we will accumulate heavily at the 0.7 level.
Bull Case
The price level that we're looking to the enter is 0.7243 after a correction from the top. We will ride this wave hard for the next few months to the 0.76 level.
Bear case
Any move downwards from here will be short-lived. We believe the bottom is in but if proven otherwise, we will accumulate heavily at the 0.7 level.