Get started
JoeChampion

AUDUSD:Weak USD performance and potential upsides

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
JoeChampion  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Beyond Technical Analysis Technical Indicators AUDUSD aud USD buy LONG Bullish Patterns Technical Analysis Contains image
38
16
trendanalysis beyondta indicator audusd aud usd buy long bullish technicalanalysis containsimage
Hey traders, market is pricing a lot of hawkishness from fed due to the recent data.. but the market choose to rebalance and dollar remains indecisive prior to CPI data.. so from now on since the rate hikes are priced in i think we may get good opportunities selling the dollar against commodities... also a weak dollar could give us good opportunities to be bullish on stocks, cryptos along with AUD and NZD.
Remember that this is not a financial advice and we are speaking just theories.
technically we noticed a decent breakout in AUDUSD so if it retraces from 0.675 zone that should be a good push for bulls.
Trade safe, Joe.
Join our telegram Channel for daily market updates t.me/JoeChampion
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.