As the cash rate for AUD officially increased today followed by a drop in AUD pairs gives a very good opportunity to long AUD from a good price. RBA (Reserve Bank of Australia) has given statement of high inflation concerns and strong job reports and has set a hawkish tone. BOJ is yet to lift its negative interest rate making it the weakest currency still. As...
Trendline breakout. Dollar bulls are weakening. Potential upside for GBP.
Bullish bias if upward trendline holds. Path prediction of AUD-USD. Not an investment advice.
Bullish pattern. Good support and buying interest can be seen from the graph.
BOJ is yet to set a hawkish tone. So, it's still pre-mature to sell USD-JPY.
If price stays above the descending trendline in daily chart, it might be good idea to long AUD/ USD.
If the bearish trendline on daily chart breaks, it could be good buying opportunity given the dollar weakness at this point.