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Alisabbaghi
Sep 26, 2022 11:18 AM

AUDUSD short idea Short

Australian Dollar/U.S. DollarFXCM

Description


Fundamental bias for this pair is Bearish, because of Strong USD in sake of hawkish monitory policy and neutral bias for AUS because of decrease in China's economic growth and the problems of Corona in China, which caused problems in the supply chain

Daily trend is sell
AUD 10Y bond yield: 3.976
U.S. 10Y: 3.697

Most of Retail traders are in long position so this is another sell opportunity.

This opportunity can be open a sell at 0.64888 and another sill limit at 0.66234 area
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