AUD/ USD ! 10/31 ! Support H4 and recovery

AUD/USD trend forecast October 31, 2024

The Australian Dollar (AUD) dipped slightly after mixed economic data from Australia and China’s PMI release on Thursday. However, hawkish expectations for the Reserve Bank of Australia’s (RBA) policy outlook helped support the AUD/USD pair and limited its downside. In September, Australian Retail Sales rose by 0.1% month-over-month, below the 0.3% forecast and down from 0.7% in August. Quarterly, Retail Sales grew by 0.5% in Q3, recovering from a 0.3% drop in the previous quarter.

in the large frame - gold price will continue to fall back to strong support and have a larger recovery. In the context of not much AUD news at the end of the year, mainly important USD data

/// BUY AUD/USD : zone 0.64800 - 0.64500

SL: 0.64000

TP: 60 - 300 - 500 pips (0.69500)


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