🔔🔔🔔AUD/USD news:
👉Trade continues to play a significant role in currency markets, with risk-sensitive currencies like the Australian Dollar under pressure as tariff disputes escalate. The White House maintains a 10% tariff on Chinese goods, which could negatively affect the Australian economy, given that China is its largest export partner. A slowdown in Chinese demand may weaken Australian commodity exports, putting downward pressure on the AUD.
👉Domestically, an anticipated rise in Australian Retail Sales may provide some support for the currency. Consumer spending, as reflected in Retail Sales data, increased by 0.3% in January after a 0.1% decline in December.
👉Meanwhile, the US Dollar is facing headwinds as market expectations grow that the Federal Reserve may restart its monetary easing cycle in June. According to the CME FedWatch tool, the probability of a Fed rate cut in June has risen to 87%, up from 69% a week ago.
Personal opinion:
👉Tariff policies remain the main influence that could cause the AUD to underperform the USD.
👉However, the US 10-year bond yield fell and the DXY fell for the second consecutive day, which could cause the AUD/USD to recover slightly. But overall, the downtrend is still maintained in the short term.
Analysis:
👉SBased on important resistance - support and Fibonacci levels combined with trend lines and SMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell AUD/USD 0.6230 - 0.6240
❌SL: 0.6275 | ✅TP: 0.6190 - 0.6150 -0.6110
FM wishes you a successful trading day 💰💰💰
👉Trade continues to play a significant role in currency markets, with risk-sensitive currencies like the Australian Dollar under pressure as tariff disputes escalate. The White House maintains a 10% tariff on Chinese goods, which could negatively affect the Australian economy, given that China is its largest export partner. A slowdown in Chinese demand may weaken Australian commodity exports, putting downward pressure on the AUD.
👉Domestically, an anticipated rise in Australian Retail Sales may provide some support for the currency. Consumer spending, as reflected in Retail Sales data, increased by 0.3% in January after a 0.1% decline in December.
👉Meanwhile, the US Dollar is facing headwinds as market expectations grow that the Federal Reserve may restart its monetary easing cycle in June. According to the CME FedWatch tool, the probability of a Fed rate cut in June has risen to 87%, up from 69% a week ago.
Personal opinion:
👉Tariff policies remain the main influence that could cause the AUD to underperform the USD.
👉However, the US 10-year bond yield fell and the DXY fell for the second consecutive day, which could cause the AUD/USD to recover slightly. But overall, the downtrend is still maintained in the short term.
Analysis:
👉SBased on important resistance - support and Fibonacci levels combined with trend lines and SMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell AUD/USD 0.6230 - 0.6240
❌SL: 0.6275 | ✅TP: 0.6190 - 0.6150 -0.6110
FM wishes you a successful trading day 💰💰💰
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.