AUDUSD - 31 Jan - sideway , entry SELL resistance

127
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
Trade active
Near 30 pips PROFIT , from entry SELL AUDUSD ( zone 0.62400 )

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.