🔔🔔🔔AUD/USD news:
👉The weak US CPI report is driving the AUD/USD pair higher during the US trading session. In addition to CPI, other recent US economic data have also shown signs of weakness, raising concerns about a potential recession. The US Dollar remains under pressure as economic risks in the country deepen, compounded by the increasingly unpredictable tariff policies of President Trump.
👉Meanwhile, the Australian Dollar's (AUD) gains are limited by fears that the US-China trade war could significantly weaken Australia's business activity, given its heavy reliance on exports to China. So far, the US has imposed a 20% tariff on imports from China.
Personal opinion:
👉In the short term, the upward momentum of AUD/USD is still valid due to the impact of weak economic data from the US
👉RSI (1H) enters the oversold zone and shows signs of a slight reversal
👉Bullish Pennant pattern is forming and showing signs of a breakout
Analysis:
👉Based on trend lines and price action, combined with Pivot points to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy AUD/USD 0.6285 – 0.6300
❌SL: 0.6250 | ✅TP: 0.6340 – 0.6380 – 0.6430
FM wishes you a successful trading day 💰💰💰
👉The weak US CPI report is driving the AUD/USD pair higher during the US trading session. In addition to CPI, other recent US economic data have also shown signs of weakness, raising concerns about a potential recession. The US Dollar remains under pressure as economic risks in the country deepen, compounded by the increasingly unpredictable tariff policies of President Trump.
👉Meanwhile, the Australian Dollar's (AUD) gains are limited by fears that the US-China trade war could significantly weaken Australia's business activity, given its heavy reliance on exports to China. So far, the US has imposed a 20% tariff on imports from China.
Personal opinion:
👉In the short term, the upward momentum of AUD/USD is still valid due to the impact of weak economic data from the US
👉RSI (1H) enters the oversold zone and shows signs of a slight reversal
👉Bullish Pennant pattern is forming and showing signs of a breakout
Analysis:
👉Based on trend lines and price action, combined with Pivot points to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy AUD/USD 0.6285 – 0.6300
❌SL: 0.6250 | ✅TP: 0.6340 – 0.6380 – 0.6430
FM wishes you a successful trading day 💰💰💰
Trade active
Check HIt + 55 pips from 0.6285congratulations
Great Buy 💰💰💰
Trade closed: target reached
Hit + 65 pips from 0.6285 profit for you
Note
Check Hit near 100 pips
Great Buy
Note
complete all objectives
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.