AUD - Strong Bearish
1️⃣ RBA minutes indicate that the central bank will keep interest rates at least until 2024.
2️⃣ The RBA expects that there will be an economic contraction in the third quarter, and board members agree that the period of recovery in economic activity will be heavily dependent on the removal of sanctions.
3️⃣ Iron ore prices declined due to concerns about global growth.
4️⃣ Both Manufacturing and Services PMIs in Australia are expected to decline, the impact of the closure in the country.
USD - Weak Bullish
1️⃣ Investors were cautious ahead of the FOMC meeting, triggering a massive sell-off on the stock market.
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Technical
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We are looking to sell the AUDUSD below the resistance level.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ RBA minutes indicate that the central bank will keep interest rates at least until 2024.
2️⃣ The RBA expects that there will be an economic contraction in the third quarter, and board members agree that the period of recovery in economic activity will be heavily dependent on the removal of sanctions.
3️⃣ Iron ore prices declined due to concerns about global growth.
4️⃣ Both Manufacturing and Services PMIs in Australia are expected to decline, the impact of the closure in the country.
USD - Weak Bullish
1️⃣ Investors were cautious ahead of the FOMC meeting, triggering a massive sell-off on the stock market.
=====
Technical
=====
We are looking to sell the AUDUSD below the resistance level.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.