Strifor || AUDUSD-07/05/2024
Updated
Preferred direction: BUY
Comment: The current situation for the AUDUSD currency pair continues to develop in favor of buyers, and against this background, we are considering a short-term long from the level of 0.66000. In the recent past, this level was the growth target for a medium-term deal. This level is currently support.
The most likely scenario №1 assumes an increase from current prices, and our target is at the level of 0.66460. Scenario №2 is less likely. In this case, of course, one needs to be careful, as a sharp imbalance may be in favor of the seller.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The current situation for the AUDUSD currency pair continues to develop in favor of buyers, and against this background, we are considering a short-term long from the level of 0.66000. In the recent past, this level was the growth target for a medium-term deal. This level is currently support.
The most likely scenario №1 assumes an increase from current prices, and our target is at the level of 0.66460. Scenario №2 is less likely. In this case, of course, one needs to be careful, as a sharp imbalance may be in favor of the seller.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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