Strifor || AUDUSD-30/04/2024
Updated
Preferred direction: BUY
Comment: Before the Fed meeting on major currency pairs, a rather uncertain situation has developed, and the best option will most likely be to refrain from trades and make a decision on entry after the interest rate decision. However, the most likely scenario is in favor of buyers. At the moment, the best option would be to look for an entry point near the support level of 0.64906. We consider two scenarios near this level, where scenario №1 is about a rebound trade, and scenario №2 - a false breakout. The growth target in both cases is the level of 0.66000.
If, after the Fed, the price falls below the support level of 0.64906 and cannot recover, then you should not count on growth in the medium term.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Comment: Before the Fed meeting on major currency pairs, a rather uncertain situation has developed, and the best option will most likely be to refrain from trades and make a decision on entry after the interest rate decision. However, the most likely scenario is in favor of buyers. At the moment, the best option would be to look for an entry point near the support level of 0.64906. We consider two scenarios near this level, where scenario №1 is about a rebound trade, and scenario №2 - a false breakout. The growth target in both cases is the level of 0.66000.
If, after the Fed, the price falls below the support level of 0.64906 and cannot recover, then you should not count on growth in the medium term.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Trade active
Trade active
⚡️New ideas for USDCAD, USDCHF and EURAUD⚡️
Trade active
⚡️New ideas for USDCAD, USDCHF and USDJPY⚡️
Trade closed: target reached
🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
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.