AUDUSD trend forecast January 31, 2025
The Australian Dollar (AUD) attempts to end its four-day losing streak against the US Dollar (USD) on Friday. However, the AUD/USD pair remains under pressure due to a risk-off mood triggered by renewed tariff threats from US President Donald Trump against China. Investors are closely watching for further details on Trump’s trade policies.
On Thursday, President Trump reaffirmed his plan to impose 25% tariffs on Canada and Mexico but did not provide a timeline for China. However, he confirmed that China would also be subject to tariffs, with his administration actively working on their implementation. Given Australia’s strong trade ties with China, any signs of an escalating US-China trade war could weigh on the AUD
AUDUSD price is mainly sideways with small amplitude, today's CB USD news forecasts good for USD causing AUDUSD price to be under selling pressure.
/// SELL AUDUSD : zone 0.62400 - 0.62500
SL: 0.62750
TP: 40 - 70 - 100pips ( 0.61500 )
Safe and profitable trading