Fundamental Australian Dollar Forecast: Neutral
AUD/USD bulls had a good week last week
Stronger Australian job creation and weaker US inflation took the pair up to two-month highs
However, a repeat performance looks like a big ask
AUD/USD bulls had a good week last week
Stronger Australian job creation and weaker US inflation took the pair up to two-month highs
However, a repeat performance looks like a big ask
Trade active:
Short
1.Price cant break through:
Hammer formation sign of a possible reversal
2.need catalyst to continue to trend higher
3.on a tough R Zone since 2015
4. ADX= 12 weak trend
5. will expect a downfall
but need to cross CBL for downtrend and take profit @ 0.74400 50% Fib
1.Price cant break through:
Hammer formation sign of a possible reversal
2.need catalyst to continue to trend higher
3.on a tough R Zone since 2015
4. ADX= 12 weak trend
5. will expect a downfall
but need to cross CBL for downtrend and take profit @ 0.74400 50% Fib