As we know Powell is going brrrr in a few hours making the dollar even weaker and at the same time stimulating the economy. this is a great thing for the australian dollar which as we know is the currency of the good wind.
On a technical level we can see a bullish engulfing and a three upside up on a 1H and 30 minute chart.
On the 4H chart the pair has broken a descending wedge upwards signaling more upside.
On a technical level we can see a bullish engulfing and a three upside up on a 1H and 30 minute chart.
On the 4H chart the pair has broken a descending wedge upwards signaling more upside.
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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.