AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS
- There is no important news for AUD today and the Australian dollar is following the market sentiment today. Also, the FOMC MEETING, one of the most important events for the US dollar, will be held today. And if there, in any way, their statutory reserve ratios increase, it will inevitably have a positive effect on the US dollar.
- DXY is currently at 103.45 LEVEL. Also the AUD FEATURE stays at 0.7111 LEVEL. The AUDUSD PRICE is going down from DYNAMIC S / R LEVELS. Therefore, the PRICE can be slightly UP to DYNAMIC LEVELS. Then you can BREAK TREND LINES and continue up.
- Currently STOCKS are getting somewhat DOWN. And VIX is getting a bit UP. Also COMMODITIES OVERALL UP is becoming. It's something special. Also BONDS PRICES are a bit GREEN. Also BONDS SPREADS are DOWN. There is currently no CLEAR DIRECTION in the MARKET. Maybe today's Friday because it's MARKETS CORRECTION. Currently the MARKET has a BIAS that is slightly inclined towards RISK ON SIDE.
- Technically the AUDUSD PRICE can be quite a PULL BACK today. But AUDUSD may continue to rise in price. There is a very important TREND LINE RESISTANCE above.
- AUDUSD PRICE can drop to 0.6965 LEVEL before UP. Then it can be BUY till 0.7329 LEVEL. This is because American data as well as Australian data continue to be very strongly reported. But according to the MARKET SENTIMENT it can be DOWN again because of the RISK OFF SENTIMENT.
- DXY is currently at 103.45 LEVEL. Also the AUD FEATURE stays at 0.7111 LEVEL. The AUDUSD PRICE is going down from DYNAMIC S / R LEVELS. Therefore, the PRICE can be slightly UP to DYNAMIC LEVELS. Then you can BREAK TREND LINES and continue up.
- Currently STOCKS are getting somewhat DOWN. And VIX is getting a bit UP. Also COMMODITIES OVERALL UP is becoming. It's something special. Also BONDS PRICES are a bit GREEN. Also BONDS SPREADS are DOWN. There is currently no CLEAR DIRECTION in the MARKET. Maybe today's Friday because it's MARKETS CORRECTION. Currently the MARKET has a BIAS that is slightly inclined towards RISK ON SIDE.
- Technically the AUDUSD PRICE can be quite a PULL BACK today. But AUDUSD may continue to rise in price. There is a very important TREND LINE RESISTANCE above.
- AUDUSD PRICE can drop to 0.6965 LEVEL before UP. Then it can be BUY till 0.7329 LEVEL. This is because American data as well as Australian data continue to be very strongly reported. But according to the MARKET SENTIMENT it can be DOWN again because of the RISK OFF SENTIMENT.