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MindPerspectives
Aug 18, 2019 8:41 AM

AUDUSD Analysis (08/18) Short

Australian Dollar/U.S. DollarFXCM

Description

Trade Call: SHORT


AUD - weak currency
- inflation is lower than the target
-GDP is lower than the global benchmark (around 6% compared to roughly 2%)
- Unemployment is falling gradually (muted effect)

USD - Strong
-employment is falling
-inflation fluctuates but within the range
-GDP fluctuates but within the range
- safe haven currency

Daily support 0.70401 was broken. Price is heading downtrend to weekly resistance of 0.60991
Comments
hassanshahi
I'm On Your Idea.
Bullandbeartrading
Gorgeous channel.
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