TradingView
jabariofafrica
Jun 11, 2023 11:30 PM

AUDUSD _____ INCOMING BEARISH MOVE Short

Australian Dollar/U.S. DollarFXCM

Description

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
Comments
gfknn5
nice.
jabariofafrica
@gfknn5, thank you
More