AUDUSD Tumbles as Trump Trades Boost Dollar
Updated
AUD/USD may continue its bearish trend, targeting the $0.647 level if it stays below the $0.664 mark. Watch for declines to the 78.6% Fibonacci retracement.
The stochastic oscillator signals oversold; hence, we expect the market to consolidate near $0.66, supported by the bearish fair value gap. This resistance area may provide a decent ask price to join the bear market.
Article: fxnews.me/audusd-tumbles-as-trump-trades-boost-dollar/
The stochastic oscillator signals oversold; hence, we expect the market to consolidate near $0.66, supported by the bearish fair value gap. This resistance area may provide a decent ask price to join the bear market.
Article: fxnews.me/audusd-tumbles-as-trump-trades-boost-dollar/
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Australian dollar stabilizes below key Fibonacci level with potential to rise past $0.653 despite overall bearish trend.
Article: fxnews.me/audusd-steadies-at-0-645-awaiting-rba-clarity/
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