AUD/USD To Start A New Upside Move?
A Hawkish RBA stance, likely to hold rates for some time is a contrast to a FED looking at a softer landing.
This difference, particularly in recent times has shown fully. AUD strength has been sustained, whereas lower inflation data has supported the case for easing and brought USD weakness.
After lower highs and higher lows have formed a tight price range, you can now see AUD pushing to the upside, towards new shorts zones above.
Likely this will continue as sentiment influx does likewise. Short Zones noted above inline with previous short zones (see above eclipse).
Long zones are ideal on any falls.
This difference, particularly in recent times has shown fully. AUD strength has been sustained, whereas lower inflation data has supported the case for easing and brought USD weakness.
After lower highs and higher lows have formed a tight price range, you can now see AUD pushing to the upside, towards new shorts zones above.
Likely this will continue as sentiment influx does likewise. Short Zones noted above inline with previous short zones (see above eclipse).
Long zones are ideal on any falls.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.