SynergyCapital
Short

AUD/USD price outlook: Is 0.70 on the cards now?

FX:AUDUSD   Australian Dollar / U.S. Dollar
Looking at the AUD/USD daily chart , it appears bulls have
run out of steam. AUD/USD's rally was fueled by the equity
market bulls. Massive USD injection in the market by the Feds
also led to a decrease in USD demand.

However, equity markets have started dropping once again and
that is clearly reflecting in AUD/USD's price action.

A strong break below the lower TL would lead to a sell-off in
AUD/USD very soon. Selling the rallies is my preferred approach
to trade AUD/USD

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Text me https://t.me/SynergyCap if interested

Comments

Thanks for the good work, God bless your grindsπŸ™Œ
+1 Reply
ThanksForSharing
+1 Reply
@PolarHusk, Happy to do it
Reply
Thank you
+1 Reply
@Saeed966, You're welcome :)
Reply
Good Analysis. Keep up the good work
+1 Reply
SynergyCapital ProCFDTrader
@ProCFDTrader, Thanks for your feedback
Reply
Great analysis, appreciate it
+1 Reply
SynergyCapital BakiShirzadi
@BakiShirzadi, Thank you :)
Reply
nice chart! thanks dude!
Reply
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