🔔🔔AUD/USD news:
👉The AUD/USD pair experienced a sharp decline to around 0.6280 during North American trading hours on Thursday. The Australian Dollar faced significant selling pressure as the US Dollar strengthened amid a cautious market atmosphere. Investors shifted towards safe-haven assets due to concerns that US President Donald Trump’s "America First" policies could lead to a global economic slowdown.
👉The US Dollar Index (DXY), which measures the Greenback’s value against six major currencies, surged to nearly 104.00, rebounding from a four-month low of 103.20 recorded on Tuesday.
👉 Meanwhile, weak market sentiment has reduced the appeal of the Australian Dollar. The outlook for the Aussie remains uncertain, particularly after the US imposed 20% tariffs on China. Given Australia’s heavy reliance on exports to China, the AUD often reflects the state of the Chinese economy.
Personal opinion:
👉In the current risky environment, AUD is not a good choice for investors, so AUD/USD will decrease in the near future
Analysis
👉Technically, RSI (1H) is still in the sell zone. The 3 SMA lines are showing signs of converging at 1 point, signaling a strong momentum is about to happen. The price has broken down from the trend line. All of this leads to the possibility that the price will decrease in the near future
🔆 Resistance level: 0.6330 0.6355
🔆 Support level: 0.6284 0.6200
Plan:
🔆Price Zone Setup:
👉Sell AUD/USD 0.6290 – 0.6300
❌SL: 0.6340 | ✅TP: 0.6250 – 0.6205 – 0.6160
FM wishes you a successful trading day 💰💰💰
👉The AUD/USD pair experienced a sharp decline to around 0.6280 during North American trading hours on Thursday. The Australian Dollar faced significant selling pressure as the US Dollar strengthened amid a cautious market atmosphere. Investors shifted towards safe-haven assets due to concerns that US President Donald Trump’s "America First" policies could lead to a global economic slowdown.
👉The US Dollar Index (DXY), which measures the Greenback’s value against six major currencies, surged to nearly 104.00, rebounding from a four-month low of 103.20 recorded on Tuesday.
👉 Meanwhile, weak market sentiment has reduced the appeal of the Australian Dollar. The outlook for the Aussie remains uncertain, particularly after the US imposed 20% tariffs on China. Given Australia’s heavy reliance on exports to China, the AUD often reflects the state of the Chinese economy.
Personal opinion:
👉In the current risky environment, AUD is not a good choice for investors, so AUD/USD will decrease in the near future
Analysis
👉Technically, RSI (1H) is still in the sell zone. The 3 SMA lines are showing signs of converging at 1 point, signaling a strong momentum is about to happen. The price has broken down from the trend line. All of this leads to the possibility that the price will decrease in the near future
🔆 Resistance level: 0.6330 0.6355
🔆 Support level: 0.6284 0.6200
Plan:
🔆Price Zone Setup:
👉Sell AUD/USD 0.6290 – 0.6300
❌SL: 0.6340 | ✅TP: 0.6250 – 0.6205 – 0.6160
FM wishes you a successful trading day 💰💰💰
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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.