$AUDUSD - Breakout from the ending diagonal
Hi guys! 👋🏻
🔔 Breakout from the ending diagonal (wedge) is confirmed, AUD/USD remains above the resisance of 0.76670, which is a bullish continuation sign for the pair. Although might slightly correct to retest the upper edge of the pattern as support, so keep that in mind.
🔔 The US Annual inflation rate in March exposed 2.6% which is far beyond the FED’s desired 2%. Hence, investors worry that the FED may reconsider the interest rates sooner than expected.
🔔 Australian Consumer sentiment index in April surged to 6.2% (previous 2.6%) as consumers tend to show confidence in the economic growth of Australia.
🔔 The US Inflation data once again beat expectations and brings anxiety to the market, slacking the US Dollar index. DXY lost 0.28% yesterday and is down 0.12% today, while commodities like gold and silver are looking to rally. The Australian Dollar which is mainly correlated to Gold is on the main spot light.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 Breakout from the ending diagonal (wedge) is confirmed, AUD/USD remains above the resisance of 0.76670, which is a bullish continuation sign for the pair. Although might slightly correct to retest the upper edge of the pattern as support, so keep that in mind.
🔔 The US Annual inflation rate in March exposed 2.6% which is far beyond the FED’s desired 2%. Hence, investors worry that the FED may reconsider the interest rates sooner than expected.
🔔 Australian Consumer sentiment index in April surged to 6.2% (previous 2.6%) as consumers tend to show confidence in the economic growth of Australia.
🔔 The US Inflation data once again beat expectations and brings anxiety to the market, slacking the US Dollar index. DXY lost 0.28% yesterday and is down 0.12% today, while commodities like gold and silver are looking to rally. The Australian Dollar which is mainly correlated to Gold is on the main spot light.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Nota
TP1, 2 on the wayNota
TP2Trade fechado: objetivo atingido
All three targets hit!
Nothing is true, everything is permitted.
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_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
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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.
Nothing is true, everything is permitted.
_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
Publicações relacionadas
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.