AUD/USD – Week 9 – Under pressure.
Following a strong start, “Aussie” erased all its gains in the second half of last week as the price broke the trendline aggressively.
For this week, our expertise points towards an increase in the bearish momentum that might be the start of a bigger degree consolidation.
Keep an eye on the RBA Interest rate decision event as it could have a big impact on the pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week, our expertise points towards an increase in the bearish momentum that might be the start of a bigger degree consolidation.
Keep an eye on the RBA Interest rate decision event as it could have a big impact on the pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade closed: target reached
