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TheLastLuftwaffe
Apr 15, 2022 2:25 PM

TECHNICAL OR FINDAMENTAL? 

Australian Dollar/U.S. DollarFXCM

Description

Well it is very obvious how the market has been moving this past weeks, we have seen a mix of fundamentals and technical analysis in the market. At this current point in the market we see a tie between strong aussie fundamentals and a good technical indicating a break of the 200 EMA level. At this point we would wait for a break of the 200 EMA before we would consider any sells in the market. Also we would expect a break of the 0.74287 zone before we would consider any significant buy opportunities. For now we would just wait and see how the market performs ..

NOTE:
CP means Confluence Point
MS means Major Support
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