Hey Traders, In the upcoming week, we will be closely monitoring AUDUSD for a potential buying opportunity around the 0.68500 zone. From a technical standpoint, AUDUSD has been trading in a downtrend, but there are indications that it is currently attempting to break out of this trend.
On the fundamental side, recent developments, such as the soft CPI data released yesterday, suggest that the Federal Reserve may have successfully managed to combat inflation. This outcome implies that there could be fewer restrictions in monetary policy, which may subsequently lead to a weaker dollar.
Trade safe, Joe.
On the fundamental side, recent developments, such as the soft CPI data released yesterday, suggest that the Federal Reserve may have successfully managed to combat inflation. This outcome implies that there could be fewer restrictions in monetary policy, which may subsequently lead to a weaker dollar.
Trade safe, Joe.
Free Telegram Group:
t.me/+MDJZTdS-Mw0xZTA0
The 1% Traders Club:
t.me/+C08gijSq2PMyZTVk
t.me/+MDJZTdS-Mw0xZTA0
The 1% Traders Club:
t.me/+C08gijSq2PMyZTVk
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.
Free Telegram Group:
t.me/+MDJZTdS-Mw0xZTA0
The 1% Traders Club:
t.me/+C08gijSq2PMyZTVk
t.me/+MDJZTdS-Mw0xZTA0
The 1% Traders Club:
t.me/+C08gijSq2PMyZTVk
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.