Hi Dear
We have reached a strong support level and considering that the load bar is formed on this level and its closing point is on the previous candlestick body, we expect the resistance shown above.
Hammer Pattern in Support Level = 0.75200 - 0.75350
Price : 0.75100 - 0.75350
S/L :0 .75000
T/L : 0.78130
This is a personal analysis and be careful when entering into a deal.
But according to the news from AUD/USD, the price is expected to have the desired resistance after the climb
fundamental news :
This morning, the regulator published a quarterly report, which reflected the main points of the country's economic prospects for the near future. It was noted that the recovery in business activity continues but the process itself is uneven. After a significant gain in the first quarter, there is now a slowdown period. For this reason, wage growth and inflation remained at a low level, which ultimately formed the further position of the regulator to leave monetary policy unchanged at least until the end of the global bond buyback program in September 2021.
As a result, two key parameters for revising the monetary policy of the regulator remain at levels below the target. Inflation is holding at 1.1% against the expected value of 2%, while the unemployment rate, although it fell to 5.1% in May, remained above the target range of 4.0–4.5%.
Best Regards
We have reached a strong support level and considering that the load bar is formed on this level and its closing point is on the previous candlestick body, we expect the resistance shown above.
Hammer Pattern in Support Level = 0.75200 - 0.75350
Price : 0.75100 - 0.75350
S/L :0 .75000
T/L : 0.78130
This is a personal analysis and be careful when entering into a deal.
But according to the news from AUD/USD, the price is expected to have the desired resistance after the climb
fundamental news :
This morning, the regulator published a quarterly report, which reflected the main points of the country's economic prospects for the near future. It was noted that the recovery in business activity continues but the process itself is uneven. After a significant gain in the first quarter, there is now a slowdown period. For this reason, wage growth and inflation remained at a low level, which ultimately formed the further position of the regulator to leave monetary policy unchanged at least until the end of the global bond buyback program in September 2021.
As a result, two key parameters for revising the monetary policy of the regulator remain at levels below the target. Inflation is holding at 1.1% against the expected value of 2%, while the unemployment rate, although it fell to 5.1% in May, remained above the target range of 4.0–4.5%.
Best Regards