AUDUSD - SELL - Inflation and Interest rate forecast
There seems to be a movement in the opposite direction from the original bearish movement. My prediction is the Buyers are making a prediction forecast in the event of lower inflation for AUSSIE and a no-interest rate hike for USD.
However, according to my pattern analysis, the price has not completed its full reversal on price yet. Therefore, there is still a potential for a downside bearish movement.
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If you find this analysis of AUD/USD helpful, please give me a boost, or like to show your support. My first public Idea post
However, according to my pattern analysis, the price has not completed its full reversal on price yet. Therefore, there is still a potential for a downside bearish movement.
Please note that the information presented on TradingView is sourced from a third-party provider. It is important to remember that you are solely responsible for making trading decisions for your account. Trading involves a very high level of risk. Any information or content provided is strictly for research, educational, and informational purposes and should not be considered as investment advice, consultation advice, or an investment strategy. The information provided is not customized to meet the investment requirements of any specific individual, and it does not take into account the investment objectives, financial situation, or needs of any recipient who may access it. This is not financial advice and we are not responsible for your losses that may occur following our analysis!!!
If you find this analysis of AUD/USD helpful, please give me a boost, or like to show your support. My first public Idea post
Trade active:
Breakout has now occurred on the bullish HH. The trend has now reversed to bearish with a 200 EMA. Next stop is .66950 -.66780 bullish support area
Trade closed: target reached
