USD CPI Boosts: Monitoring AUDUSD for Selling Opportunity

JoeChampion Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Hey Traders, in today's trading session we are monitoring AUDUSD For a selling opportunity around 0.65400 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65400 support and resistance area. The recent release of higher-than-expected CPI data in the United States has strengthened the US dollar, putting downward pressure on AUDUSD. The stronger-than-anticipated inflation figures have fueled speculation of a more hawkish stance by the Federal Reserve, leading to expectations of USD strength. In light of this, we are monitoring AUDUSD for a potential selling opportunity around the 0.65400 zone, as the USD's strength may outweigh any potential upside in the Australian dollar. Trade safe, Joe.

Didn't got triggered from the main entry, but watching another one below!

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