jabariofafrica

AUDUSD _____ INCOMING BEARISH MOVE

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Hello Guys,

If you follow me already, you would know I get my directional bias for USD-related pair from the dollar index. My outlook for the dollar is bullish (see below the analysis) which means that this week and going forward, AUDUSD should be bearish.

Currently, NZDUSD has traded into the weekly order block, and we may commence the bearish move from here. Price is also trading in the monthly order block with gives more confluence for a bearish move.

The goal will be to trade lower into the monthly demand order block.

Follow for more updates.

Dollar Index analysis

Other USD-related pairs
GBPUSD

NZDUSD

USDJPY

USDSGD

Cheers,
Jabari

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