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TazTrades
Aug 20, 2019 1:53 PM

AUDUSD - Consolidation for the bullish move Long

Australian Dollar/U.S. DollarFXCM

Description

I’m expecting a bullish push up to have a retest of the .68800 area. The pair has found a relatively solid base around the .67700 mark and a retest of that area will be a good entry to go long. Reason I am expecting the aussie to pick up some strength – the pull back of some tariffs by Trump, the RBA minutes which will look to maintain their interest rates at 1% for some time to monitor the economy and the inflation rate.
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