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AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD - Currently AUDUSD is going down very fast. The reason for that is the VIX UP and the strength of the dollar. A MARKET FEAR about the economic recession is currently underway. - Thus COMMODITIES are going down. It also affects AUSD very strongly. The Australian dollar was shown as the WEAK CURRENCY of CURRENCY STRENGTH. - AUDUSD can move further until it reaches 0.6670 LEVEL. And after that, if the MARKETS RISK is ON, you can definitely BREAK the TREND LINE in AUDUSD and BUY up to the 0.7212 LEVEL.
by benny_marshall
AUDUSD Idea for next month.Hi there! Despite interest rate hikes in Australia, the AUD / USD pair appears to be at the lowest levels since May 2020. This is in the 0.69-0.68 region that was tested last week. The weakness of the AUD may be related to both declines in industrial commodity prices amid concerns about inflation , and the US Federal Reserve may raise interest rates faster than the RBA. Today I would like to present to you my analysis of the AUDUSD currency pair. According to my careful analysis, we can expect a move of over 650 pips. If you would like to learn to analyze the market according to financial institutions, feel free to write to me.
Long
by xxpqxx999