Viktor_strifor_analyst

Strifor || AUDUSD-07/05/2024

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
Preferred direction: BUY
Comment: The current situation for the AUDUSD currency pair continues to develop in favor of buyers, and against this background, we are considering a short-term long from the level of 0.66000. In the recent past, this level was the growth target for a medium-term deal. This level is currently support.

The most likely scenario №1 assumes an increase from current prices, and our target is at the level of 0.66460. Scenario №2 is less likely. In this case, of course, one needs to be careful, as a sharp imbalance may be in favor of the seller.

Additional comments on this trade will be provided as situation changes. Follow us!

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