Preferred direction: BUY
Comment: Tuesday has started more positively for the majors, especially for the euro and pound, which we talked about yesterday (these trading ideas can be viewed). The Australian dollar, like the above currencies, is on the buy list. Here, we continue to keep previous long positions with a target at the level of 0.65010. Within the framework of the current week, we can consider two scenarios, which are depicted on the chart. The more likely scenario №1 assumes growth from around current prices. US PMI data may help buyers here if the figures will be less than forecast.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Tuesday has started more positively for the majors, especially for the euro and pound, which we talked about yesterday (these trading ideas can be viewed). The Australian dollar, like the above currencies, is on the buy list. Here, we continue to keep previous long positions with a target at the level of 0.65010. Within the framework of the current week, we can consider two scenarios, which are depicted on the chart. The more likely scenario №1 assumes growth from around current prices. US PMI data may help buyers here if the figures will be less than forecast.
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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