AUD/USD to test monthly support

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Dólar Australiano/Dólar Americano (OANDA:AUDUSD)

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OANDA:AUDUSD Dólar Australiano/Dólar Americano

Trend Analysis Chart Patterns Fundamental Analysis AUDUSD Fundamental Analysis dollar aussie

trendanalysis chartpattern fundamental audusd funadamental dollar aussie

With US inflation and jobs data showing signs of strength, I think interest rates won't be cut as soon as once thought. Therefore, this is an opportunity for the dollar to rally. I think the Aussie could test monthly support at around .6330.

snapshot

Comentário:

So far, it's moved from .6710 to .6570. There's a lot of room below and possible catalysts to push it down to the monthly support.

Comentário:

Trade still in motion. I've been selling technical bounces on the way down.

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