AUDUSD END-WEEK ANALYSIS-UPDATE 24/09/2023
Updated
AUD/USD Outlook: Surfing the Forex Waves - But Watch the DXY
The AUD/USD journey has been an eventful one, with our earlier forecast for a recovery spot on. However, market dynamics are ever-shifting, and the next chapter is upon us.
Now, I'm anticipating a potential downturn for AUD/USD as the US dollar regains strength. But here's the caveat: this scenario hinges on the DXY maintaining its bullish momentum above 105.864. Join me in monitoring this intricate interplay of factors as we navigate these forex waves. Stay tuned for more insights and updates! 📉📈 #AUDUSDOutlook #MarketShifts #TradingView
The AUD/USD journey has been an eventful one, with our earlier forecast for a recovery spot on. However, market dynamics are ever-shifting, and the next chapter is upon us.
Now, I'm anticipating a potential downturn for AUD/USD as the US dollar regains strength. But here's the caveat: this scenario hinges on the DXY maintaining its bullish momentum above 105.864. Join me in monitoring this intricate interplay of factors as we navigate these forex waves. Stay tuned for more insights and updates! 📉📈 #AUDUSDOutlook #MarketShifts #TradingView
Note
BUYS TO SELL MODELNote
Tp 1 taken as a retracement is possible and then possibly adding to positionTrade closed: target reached
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.