🔔🔔🔔AUD/USD news:
➡️ The risk-off sentiment failed to impact the Australian dollar today, as the currency found support from broad weakness in the US dollar, pushing it to 0.6500
➡️ The greenback started the week on the back foot, with President Trump's pledge to raise tariffs on steel and aluminium imports to 50% stoking fears of a further economic slowdown and rising inflation.
➡️ US-China trade tensions resurfaced as both countries accused each other of violating the terms of their trade truce
➡️ In Australia, the latest S&P Global Manufacturing PMI showed continued expansion in May, albeit at a slower pace than expected. The figures reinforced the Reserve Bank of Australia's hawkish tone from last week and provided further support for the Australian dollar.
Personal opinion:
➡️ Current headlines are bullish for the AUD/USD pair, with the uptrend remaining solid.
However, this pair is in a state of over-speed and will have a short-term pullback, before continuing the uptrend
➡️ Analyze based on important support resistance and Fibonacci levels combined with trend lines to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy AUD/USD 0.6470- 0.6460
❌SL: 0.6430 | ✅TP: 0.6525
FM wishes you a successful trading day 💰💰💰
➡️ The risk-off sentiment failed to impact the Australian dollar today, as the currency found support from broad weakness in the US dollar, pushing it to 0.6500
➡️ The greenback started the week on the back foot, with President Trump's pledge to raise tariffs on steel and aluminium imports to 50% stoking fears of a further economic slowdown and rising inflation.
➡️ US-China trade tensions resurfaced as both countries accused each other of violating the terms of their trade truce
➡️ In Australia, the latest S&P Global Manufacturing PMI showed continued expansion in May, albeit at a slower pace than expected. The figures reinforced the Reserve Bank of Australia's hawkish tone from last week and provided further support for the Australian dollar.
Personal opinion:
➡️ Current headlines are bullish for the AUD/USD pair, with the uptrend remaining solid.
However, this pair is in a state of over-speed and will have a short-term pullback, before continuing the uptrend
➡️ Analyze based on important support resistance and Fibonacci levels combined with trend lines to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy AUD/USD 0.6470- 0.6460
❌SL: 0.6430 | ✅TP: 0.6525
FM wishes you a successful trading day 💰💰💰
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.