AUD/USD TECHNICAL + FUNDAMENTAL OPINION
* Pair Name : AUD/USD
* Time Frame : 4hrs
* T/S : Mid Scale
* Analysis Structure : High & low + Market Value + Fundamental + Moving average
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» Turn point ) Bull & Bear
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¹) Bull Point .735/ .7245 / .716 area
²) Bear point : 0.748 /.754/.766 area
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* Technical Current Situation :
• The white horizontal line and box we showed for 4 hours. If these are broken then the price will touch the last white line.
* Fundamental Current Situation :
• This week, the Reserve Bank of Australia (RBA) minutes for April monetary policy will be released. The minutes of the RBA will point to the mathematics behind the neutral position chosen by RBA Governor Philip Lowe. Also, data on Australian inflation will help market participants adjust their position.
• China's GDP has outperformed expectations, which has inspired Australia.
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