Hey Traders. As we hea dinto CPI and FOMC interest rate decisions, i will be giving my take on AUDUSD, one of the best pairs to trade at the moment. We are very bullish on USD stance as we expect good numbers of CPI and the Federal Reserve to keep interest rate decisions on hold. As a result, we should look for USD buys to occur.
On the other hand, Trump is not pleased if there is an interest rate hold and would thus escalate trade talks( AUD BEARISH). With a strong USD and a weak AUD, AUDUSD shorts seem the most appealing. Will be looking to short it soon. Will update when appropriate.
As for the technicals, Ive already plotted a decent zone to short AUDUSD.
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