AUDUSD: Break and Retest below 0.70 is possible
With growth weakening, stagflation risks rising and Chinese lockdowns extending, the AUD should remain bearish in coming weeks with current support at 0.7030 and 0.6985 next
The AUD is weak against the USD bolstered by Fed's accelerated tightening.
Alternatively , with price at a multiweek low , a recovery towards 0.74 and then higher looks higher
This is an article, not financial advice , always do your own research.
If you have any questions, you can write it in the comments below and I will answer them
And please don't forget to support this idea with your like and comment
The AUD is weak against the USD bolstered by Fed's accelerated tightening.
Alternatively , with price at a multiweek low , a recovery towards 0.74 and then higher looks higher
This is an article, not financial advice , always do your own research.
If you have any questions, you can write it in the comments below and I will answer them
And please don't forget to support this idea with your like and comment
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.