AUDUSD - I am bullish
I've been bullish on the Australian economy overall, it is less 'damaged' compared to EU & US - It isn't as strong as AUD even when you see data wise and as well as currency strength, it's Aussie ahead! I am more bullish AUD compared to other FX pairs including this it is a commodity FX pair and this you can research in your own time or seek out the various platforms I am part of and question further.
Technically, we have been within a channel bullish momentum continues but take a look at this trendline down, we have hit it many times. Now we are testing it again, if we go above I expect this 0.70100 areas and perhaps LT 200EMA. However, for now any pull back give and as long as we stay above 0.68560 areas i'd be buying dips and excelling further.
Next week main data front: FOMC 75
Not Investment Advice.
TJ
I've been bullish on the Australian economy overall, it is less 'damaged' compared to EU & US - It isn't as strong as AUD even when you see data wise and as well as currency strength, it's Aussie ahead! I am more bullish AUD compared to other FX pairs including this it is a commodity FX pair and this you can research in your own time or seek out the various platforms I am part of and question further.
Technically, we have been within a channel bullish momentum continues but take a look at this trendline down, we have hit it many times. Now we are testing it again, if we go above I expect this 0.70100 areas and perhaps LT 200EMA. However, for now any pull back give and as long as we stay above 0.68560 areas i'd be buying dips and excelling further.
Next week main data front: FOMC 75
Not Investment Advice.
TJ
Note
I'd wait for pull back as we have FOMC with another hike and then back in long again at suitable level but keep an eye on that trendline down!Trade closed: target reached
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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.
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.