AUD/USD Forecast Fundamental Analysis | Australian Dollar / US Dollar
The forecast for the AUD/USD remains bearish despite the sell-off over the past few trading sessions. Price action paused its bearish move and presently drifts higher with the Kijun-sen and the Tenkan-sen flat. The descending Ichimoku Kinko Hyo Cloud maintains longer-term bearish pressures on price action, supported by weakening fundamentals for the US Dollar. Can bears maintain control over the AUD/USD and force it into its next horizontal support area?
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The forecast for the AUD/USD remains bearish despite the sell-off over the past few trading sessions. Price action paused its bearish move and presently drifts higher with the Kijun-sen and the Tenkan-sen flat. The descending Ichimoku Kinko Hyo Cloud maintains longer-term bearish pressures on price action, supported by weakening fundamentals for the US Dollar. Can bears maintain control over the AUD/USD and force it into its next horizontal support area?
Welcome back Traders, Investors, and Community!
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE đź‘Ť button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
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âś… TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🟪 Instagram: instagram.com/forexn1_com/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🟪 Instagram: instagram.com/forexn1_com/
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.