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investmentMr-X

AUD/USD: Short at 1.0570-1.0580 Range

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
investmentMr-X Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Fundamental Analysis AUDUSD audusdshort audnzdshort audnzdforecast AUDSGD audshort audnzdtrade audusd_short Contains image
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trendanalysis chartpattern fundamental audusd audusdshort audnzdshort audnzdforecast audsgd audshort audnzdtrade audusd_short containsimage
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Following the remarks of the Chairman of the Federal Reserve, the market has returned to a state of volatility after two trading days of digestion. This volatility is unlikely to be broken before the release of US non-farm payroll data in February, and the market needs such adjustments to repair the impact of the previous sharp drop. Therefore, today's market trend will be relatively simple.

In the face of this volatility, the most suitable operation for AUD/USD is naturally to short on rallies. Based on the market situation, the following recommendations are given:

Short at the range of 0.6630-0.6640, with targets at 0.6610, 0.6590, and 0.6570, and stop loss to be determined based on individual circumstances.

AUDUSD
Trade active
Trade active
Trade active
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached
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