AUD/USD has been rallying strongly due to the risk-on
environment and strong rally in the equity markets.
But, the equity markets are facing some headwinds now
and it may lead to a big correction in AUD/USD as well.
For the last few weeks, AUD/USD is facing resistance near
the 0.7250-.74 level.
Selling the rallies seems like a good plan. Initial TP can be
set at 0.71
environment and strong rally in the equity markets.
But, the equity markets are facing some headwinds now
and it may lead to a big correction in AUD/USD as well.
For the last few weeks, AUD/USD is facing resistance near
the 0.7250-.74 level.
Selling the rallies seems like a good plan. Initial TP can be
set at 0.71
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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.
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.