Strifor || AUDUSD-04/04/2024
Preferred direction: BUY
Comment: Our medium-term target for the AUDUSD currency pair has been achieved. However, the short-term outlook remains in favor of the buyer, and growth is expected towards the level of 0.66500. There are assumptions that the main competitors of the US dollar will, for the most part, strengthen against the American before the NFP, and during the release of data on the US labor market, the USD will most likely strengthen its position again. But the medium-term prospects are still not clear. We need to wait for a more transparent setup for a final conclusion.
Short-term growth in AUDUSD is expected in two scenarios, which can be found on the chart. Most likely, the buyer will behave quite aggressively to the level of 0.66500.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Our medium-term target for the AUDUSD currency pair has been achieved. However, the short-term outlook remains in favor of the buyer, and growth is expected towards the level of 0.66500. There are assumptions that the main competitors of the US dollar will, for the most part, strengthen against the American before the NFP, and during the release of data on the US labor market, the USD will most likely strengthen its position again. But the medium-term prospects are still not clear. We need to wait for a more transparent setup for a final conclusion.
Short-term growth in AUDUSD is expected in two scenarios, which can be found on the chart. Most likely, the buyer will behave quite aggressively to the level of 0.66500.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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