TradingView
JoeChampion
Mar 1, 2023 1:06 PM

AUDUSD:Weak USD performance and potential upsides Long

Australian Dollar/U.S. DollarFXCM

Description

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.
Comments
MonoCoinSignal
Your trading ideas are always practical and actionable. I've made some good profits following your advice.
JoeChampion
@MonoCoinSignal, Thank you buddy!
Lingrid
Amazing
ATradeSniper
Good work
JoeChampion
@ATradeSniper, thank you mate
ProjectSyndicate
find out shortly seems reasonable to me
JoeChampion
Adefxc
Brilliant analysis
JoeChampion
@dee_fx_mee, Cheers!
KlejdiCuni
Interesting pattern. Thanks for sharing.
More