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KaltoireCapital

AUD/USD price outlook: Is 0.70 on the cards now?

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Dólar Australiano/Dólar Americano (FX:AUDUSD)  
KaltoireCapital  
FX:AUDUSD   Dólar Australiano/Dólar Americano
Trend Analysis Chart Patterns Beyond Technical Analysis AUDUSD audusdshort audusdforecast audusdsignal audusdanalysis
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trendanalysis chartpattern beyondta audusd audusdshort audusdforecast audusdsignal audusdanalysis
Looking at the AUD/USD daily chart, it appears bulls have
run out of steam. AUD/USD's rally was fueled by the equity
market bulls. Massive USD injection in the market by the Feds
also led to a decrease in USD demand.

However, equity markets have started dropping once again and
that is clearly reflecting in AUD/USD's price action.

A strong break below the lower TL would lead to a sell-off in
AUD/USD very soon. Selling the rallies is my preferred approach
to trade AUD/USD

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KaltoireCapital
AUD/USD price outlook| A pullback is likely
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