AUD/USD Analysis
Technical Analysis:
The AUD/USD is in a clear downtrend, with price trading below the 50 and 200 EMAs. Key support is at 0.6550, and resistance is around 0.6600. The Squeeze Momentum (SQZMOM) indicator shows red bars, signaling continued selling pressure, aligning with the overall bearish sentiment.
Fundamental Analysis:
Strong U.S. GDP growth of 2.8% contrasts with weaker Australian fundamentals impacted by reduced Chinese demand, adding pressure on the AUD.
Trade Plan:
• Entry: Short near 0.6580-0.6590
• Stop-Loss: 0.6610
• Target: 0.6500
Technical Analysis:
The AUD/USD is in a clear downtrend, with price trading below the 50 and 200 EMAs. Key support is at 0.6550, and resistance is around 0.6600. The Squeeze Momentum (SQZMOM) indicator shows red bars, signaling continued selling pressure, aligning with the overall bearish sentiment.
Fundamental Analysis:
Strong U.S. GDP growth of 2.8% contrasts with weaker Australian fundamentals impacted by reduced Chinese demand, adding pressure on the AUD.
Trade Plan:
• Entry: Short near 0.6580-0.6590
• Stop-Loss: 0.6610
• Target: 0.6500
Aviso legal
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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.