AUD/USD bulls take a breather around a two-month high, after rising the most since August. On the other hand, US Dollar slumped despite 40-year high inflation, US Treasury yields remain pressured, equities rallied before closing with mild gains.
In this pair, technical analysis shows a technical figure Triangle. The Triangle broke through the resistance line on 13/01/2022. AUD/USD is forming a bullish formation on a daily chart. If the price holds above this level, we will have a possible bullish price movement with a forecast for the next 21 days with a target of 0.7474. According to the experts, your stop loss should be around 0.7130 if you enter this position.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
In this pair, technical analysis shows a technical figure Triangle. The Triangle broke through the resistance line on 13/01/2022. AUD/USD is forming a bullish formation on a daily chart. If the price holds above this level, we will have a possible bullish price movement with a forecast for the next 21 days with a target of 0.7474. According to the experts, your stop loss should be around 0.7130 if you enter this position.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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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.