Following my previous AUDUSD idea, we see price bounced off the resistance level and gapped lower over the weekend. But my bias is still long.
Although I do not dabble in fundamentals too much, the market is anticipating a rate cut soon which may weaken the USD. Along with the technical uptrend of the AUDUSD pair, it's a no brainer to buy.
I look to place long trades on either of the possible price action paths shown on the chart.
Although I do not dabble in fundamentals too much, the market is anticipating a rate cut soon which may weaken the USD. Along with the technical uptrend of the AUDUSD pair, it's a no brainer to buy.
I look to place long trades on either of the possible price action paths shown on the chart.
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Related publications
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.