🔔🔔🔔AUD/USD news:
➡️ The AUD/USD pair rose to 0.6170 during Wednesday’s U.S. session, supported by risk-on flows and broad weakness in the U.S. dollar. Market sentiment improved following Trump’s unexpected decision to pause key tariffs for 90 days; however, Federal Reserve officials cautioned about the risks of long-term inflation. While the Australian dollar benefited from the softer greenback, its upside may be limited due to ongoing trade disruptions that heavily impact Australia’s export-reliant economy tied to China, reinforcing dovish expectations for the RBA.
Personal opinion:
➡️ The upside in the AUD/USD remains limited as China’s tough retaliatory tariffs complicate matters. So the downside remains in check.
➡️ AUD/USD RSI is showing signs of bullish reversal after entering the overbought zone
Analysis based on important resistance - support and Fibonacci levels combined with SMA and trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell AUD/USD 0.6120 – 0.6130
❌SL: 0.6170 | ✅TP: 0.6070 – 0.6005 – 0.5960
FM wishes you a successful trading day 💰💰💰
➡️ The AUD/USD pair rose to 0.6170 during Wednesday’s U.S. session, supported by risk-on flows and broad weakness in the U.S. dollar. Market sentiment improved following Trump’s unexpected decision to pause key tariffs for 90 days; however, Federal Reserve officials cautioned about the risks of long-term inflation. While the Australian dollar benefited from the softer greenback, its upside may be limited due to ongoing trade disruptions that heavily impact Australia’s export-reliant economy tied to China, reinforcing dovish expectations for the RBA.
Personal opinion:
➡️ The upside in the AUD/USD remains limited as China’s tough retaliatory tariffs complicate matters. So the downside remains in check.
➡️ AUD/USD RSI is showing signs of bullish reversal after entering the overbought zone
Analysis based on important resistance - support and Fibonacci levels combined with SMA and trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell AUD/USD 0.6120 – 0.6130
❌SL: 0.6170 | ✅TP: 0.6070 – 0.6005 – 0.5960
FM wishes you a successful trading day 💰💰💰
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.