🔔🔔🔔AUD/USD news:
👉The AUD/USD pair experiences a strong surge, reaching around 0.6330 during North American trading hours on Monday. The Australian Dollar notable gains support as the US Dollar (USD) remains subdued, with investors adopting a cautious stance regarding the economic outlook of the United States (US).
👉Meanwhile, the S&P 500 has dropped nearly 1.5% in the North American session, reflecting a significant decline in risk appetite among investors.
👉Market participants are increasingly worried about US economic growth following comments from US President Donald Trump on Friday. In an interview with Fox News, Trump referred to a "period of transition" and emphasized that ongoing developments are "very big." Investors have interpreted these remarks as a sign of potential economic instability in the near future.
Personal opinion:
👉AUD/USD will continue its upward momentum after the economic news is released
👉Technically, the strong support level at 0.6280 will be a stepping stone for this currency pair to increase strongly in the coming time
Analysis:
👉Based on the important resistance - support zone and pivot points standard combined with the trend line to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy AUD/USD 0.6290 - 0.6280
❌SL: 0.6250 | ✅TP: 0.6330 - 0.6370 - 0.6430
FM wishes you a successful trading day 💰💰💰
👉The AUD/USD pair experiences a strong surge, reaching around 0.6330 during North American trading hours on Monday. The Australian Dollar notable gains support as the US Dollar (USD) remains subdued, with investors adopting a cautious stance regarding the economic outlook of the United States (US).
👉Meanwhile, the S&P 500 has dropped nearly 1.5% in the North American session, reflecting a significant decline in risk appetite among investors.
👉Market participants are increasingly worried about US economic growth following comments from US President Donald Trump on Friday. In an interview with Fox News, Trump referred to a "period of transition" and emphasized that ongoing developments are "very big." Investors have interpreted these remarks as a sign of potential economic instability in the near future.
Personal opinion:
👉AUD/USD will continue its upward momentum after the economic news is released
👉Technically, the strong support level at 0.6280 will be a stepping stone for this currency pair to increase strongly in the coming time
Analysis:
👉Based on the important resistance - support zone and pivot points standard combined with the trend line to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy AUD/USD 0.6290 - 0.6280
❌SL: 0.6250 | ✅TP: 0.6330 - 0.6370 - 0.6430
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.