My 75% Bullish Thought for AUDUSD. TA and FA Reasons.
Updated
I am 75% Bullish about AUDUSD.
TECHNICAL ANALYSIS
==================
Just a little Bullish push from Weekly Double Bottom, AUDUSD will be inside a Bullish channel and continue Uptrending.
FUNDAMENTAL ANALYSIS
=====================
Date: 3 FEB 2022
The Reserve Bank now sees core inflation breaching 3% for the first time since 2010, before settling around 2.75% through to mid-2024, its quarterly Statement on Monetary Policy showed Friday. Still, the wage price index is only expected to advance to 2.75% this year, then edge up to 3% over 2023. -- Bloomberg.
Bullish is very likely.
Cheers. All the best.
TECHNICAL ANALYSIS
==================
Just a little Bullish push from Weekly Double Bottom, AUDUSD will be inside a Bullish channel and continue Uptrending.
FUNDAMENTAL ANALYSIS
=====================
Date: 3 FEB 2022
The Reserve Bank now sees core inflation breaching 3% for the first time since 2010, before settling around 2.75% through to mid-2024, its quarterly Statement on Monetary Policy showed Friday. Still, the wage price index is only expected to advance to 2.75% this year, then edge up to 3% over 2023. -- Bloomberg.
Bullish is very likely.
Cheers. All the best.
Comment
Look like not this week. Currently, H4 is at neckline of Weekly Double Bottom and it is OS.
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.