Last week, the Australian Dollar made a new top, as we forecasted, breaking the resistance level that we highlighted.
In the coming week, we expect the price to lose some momentum and pullback towards the liquidity pool that we highlighted on the chart, on what could turn out to be a complex consolidation pattern.
Keep an eye on Thursday’s Australian Unemployment Rate as well as the Employment Change numbers, as it could cause some volatility for this pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In the coming week, we expect the price to lose some momentum and pullback towards the liquidity pool that we highlighted on the chart, on what could turn out to be a complex consolidation pattern.
Keep an eye on Thursday’s Australian Unemployment Rate as well as the Employment Change numbers, as it could cause some volatility for this pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade closed: target reached
The liquidity pool target has been reached.
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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.
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.