More upside to come for AUDUSD before range bound.
THe aussie dollar saw a rebound this week and it looks like there will be more upside in the weeks to come. Early next week, we may see a short downward retrace to 0.706 before upside comes. I think this will coincide with Jerome Powell's announcement of the taper plans. Our price target to exit the long trade is 0.73
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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.