AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS
- DXY is currently at 104.55 LEVEL. Also the AUD FEATURE stays at 0.7171 LEVEL. The AUDUSD PRICE is rising above the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be slightly higher than the DYNAMIC LEVELS. Then you can BREAK TREND LINES and DOWN.
- STOCKS are currently DOWN. And VIX is becoming DOWN. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are becoming NEUTRAL. Also BONDS SPREADS are DOWN. Currently the MARKET RISK ON status is heavy. So definitely create a DOWN TREND for AUD CAD NZD and a DOWN TREND for JPY CHF USD.
- 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 be UP to 0.7212 LEVEL before DOWN. Then it can be sold till 0.6672 LEVEL. This is due to the continued strengthening of the American data against the dollar and the collapse of STOCKS and COMMODITIES. RISK OFF SENTIMENT can be DOWN again according to the MARKET SENTIMENT.
- STOCKS are currently DOWN. And VIX is becoming DOWN. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are becoming NEUTRAL. Also BONDS SPREADS are DOWN. Currently the MARKET RISK ON status is heavy. So definitely create a DOWN TREND for AUD CAD NZD and a DOWN TREND for JPY CHF USD.
- 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 be UP to 0.7212 LEVEL before DOWN. Then it can be sold till 0.6672 LEVEL. This is due to the continued strengthening of the American data against the dollar and the collapse of STOCKS and COMMODITIES. RISK OFF SENTIMENT can be DOWN again according to the MARKET SENTIMENT.