The Aussie (AUD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6264 which is a pullback support.
Stop loss is at 0.6170 which is a level that lies underneath an overlap support.
Take profit is at 0.6390 which is a multi-swing-high resistance.
Buy entry is at 0.6264 which is a pullback support.
Stop loss is at 0.6170 which is a level that lies underneath an overlap support.
Take profit is at 0.6390 which is a multi-swing-high resistance.
Trade active
Trade closed: target reached
US President Trump said on social media that the European Central Bank is expected to cut interest rates for the seventh time, however, Fed Chairman Powell's action is "too late". He always acts too late and makes wrong decisions. His speech yesterday was another typical and complete "mess"! Oil prices are down, grocery prices are down, and the United States is profiting greatly from tariffs. The Fed should have lowered interest rates a long time ago, just like the European Central Bank. It should have been done a long time ago, and the Fed should definitely lower interest rates now. Powell can't be fired too quickly!
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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.