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Quantific-Solutions
Aug 28, 2022 8:58 PM

AUDUSD: Risk/reward skewed to downside, Potential fall to 0.66 Short

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD failure to establish itself above 0.7 during last week signals that downside risk has increased. Key level is seen around 0.687 and is likely to price break this level during next week. If price breaches 0.687, AUDUSD is likely to move toward 0.66 by the end of this quarter.
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