After finishing its retest @ .673 Post PPI, Saddle Up AUDUSD
Morning,
My thoughts and research lead me to believe the PPI will come in more or less in line, +.1 MoM and the Aussie back will finish cleaning up orders/retest at the EMA 200 ~.673 and continue its March toward .70+. Continued market sentiment around optimism for rate cuts will continue to put pressure on the dollar, likely setting up a new range.
Low Risk Buy Area .673 (EMA 200) and .675 (EMA 100)
TP1 .67800
TP2 .68
+700pips into weekend
Good Luck.
My thoughts and research lead me to believe the PPI will come in more or less in line, +.1 MoM and the Aussie back will finish cleaning up orders/retest at the EMA 200 ~.673 and continue its March toward .70+. Continued market sentiment around optimism for rate cuts will continue to put pressure on the dollar, likely setting up a new range.
Low Risk Buy Area .673 (EMA 200) and .675 (EMA 100)
TP1 .67800
TP2 .68
+700pips into weekend
Good Luck.
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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.