The aussie dollar has started its descend this week. I'm expecting to see more downside to come. A short upward consolidation may play out to test 0.71 and we are targeting 0.675. The macro env is pretty much clear as the jobs reports turn out better than expected. The fed should be fully committed to curbing inflation, this will be short term bearish for the pair to give us our target.
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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.