financialflagship

AUD/USD – Week 22 – Complex consolidation.

Viés de alta
FX_IDC:AUDUSD   Dólar Australiano/Dólar Americano
Last week, the Australian Dollar hit our support target and started to slowly increase.
In the coming week, we expect the price to begin a bullish move and reach the resistance level. This move might be triggered by the RBA Interest Rate Decision that will take place on Tuesday, the 1st of June.
We recommend caution trading this pair as we find ourselves in the middle of a complex consolidation pattern.
Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.