Preferred direction: BUY
Comment: When considering medium-term trades, we continue to adhere to the buy-priority for the AUDUSD currency pair. As expected, right now the instrument is already recording a new local minimum, which we prescribed in scenario №2. This scenario is now more relevant.
It should be noted that during this week the price will most likely fall towards the level of 0.64500, however, longs can already be accumulated. The global growth target is located at the level of 0.66000, but during this trade, we do not rule out an earlier closing near the level of 0.65500 or earlier, depending on what the fall will be.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Comment: When considering medium-term trades, we continue to adhere to the buy-priority for the AUDUSD currency pair. As expected, right now the instrument is already recording a new local minimum, which we prescribed in scenario №2. This scenario is now more relevant.
It should be noted that during this week the price will most likely fall towards the level of 0.64500, however, longs can already be accumulated. The global growth target is located at the level of 0.66000, but during this trade, we do not rule out an earlier closing near the level of 0.65500 or earlier, depending on what the fall will be.
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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