Strifor || AUDUSD-13/03/2024
Updated
Preferred direction: Neutral
Comment: After the US CPI data, the US currency strengthened, as a result of which a number of our trading ideas were successfully closed with profit. At the moment, the medium-term outlook remains in favor of the US dollar, but in the short term the main competitors of the US dollar are likely to strengthen. Thus, for the AUDUSD currency pair there is a high probability of movement according to scenario №2. Therefore, it is best to fix most of the volume in the trade according to scenario №1, which we previously published, and transfer this trade to breakeven.
The probability of a crossover is very high, since at this high there is a large accumulation of stop losses of sellers. This will also allow the market to accumulate buyers before falling.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: After the US CPI data, the US currency strengthened, as a result of which a number of our trading ideas were successfully closed with profit. At the moment, the medium-term outlook remains in favor of the US dollar, but in the short term the main competitors of the US dollar are likely to strengthen. Thus, for the AUDUSD currency pair there is a high probability of movement according to scenario №2. Therefore, it is best to fix most of the volume in the trade according to scenario №1, which we previously published, and transfer this trade to breakeven.
The probability of a crossover is very high, since at this high there is a large accumulation of stop losses of sellers. This will also allow the market to accumulate buyers before falling.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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