financialflagship

AUD/USD – Week 31 – Hawkish RBA statement?

Long
FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
Last week, we expected the Australian Dollar to reach the orange trendline. The price didn’t reach our target, as the price ranged the entire week.
In the coming week, we anticipate the price to break the low one more time and start a reversal that could push the price towards the resistance area . This could be triggered by Tuesday’s RBA’s Interest Rate decision and possibly a hawkish statement.
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.

Comments

Not even close ...
Reply
nice one, keep up the good work!
Reply
financialflagship ForexTrendline
@ForexTrendline, thanks bro!
Reply
amazingly done ALex
Reply
@TheSignalyst thank you man!
Reply
@caldooninvestment many thanks!
Reply
well done
Reply
@MMBTtrader, Many thanks
Reply