AUD/USD could fall! Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Jul 26, 2022 3:21 PM

Hey tradomaniacs,

AUD/USD looks like it wants to fall due to the recent negative news from the USA and so the risk-off-mood in equities.

Technically a breakout, but so far a very extended re-test, so be carefully at the PoCs and HVNs as market could be choppy ahead the FOMC.

To be very sure, wait for market to break below the resistance-zone again.

Let`s see!

Comments

MEHDI118

⋅ Jul 28, 2022 1:11 AM

Hi mate
With the weakening of the dollar, after the increase in interest rates, is this analysis still valid? Or has the direction of the market changed?
thanks a lot