Strifor || AUDUSD-31/05/2024
Preferred direction: SELL
Comment: On the last day of this month, we will most likely have a busy day, where all the main events for the Australian dollar will develop at the level of 0.66460. As always, we highlight two scenarios for the development of events.
Scenario №1 is the most probable expected maneuver in the market for today, where, most likely, the price will accumulate below 0.66460 and then fall to support at the level of 0.66000. There is also an alternative option called scenario №2, where entry is also assumed near the level of 0.66460, but after the formation of a false breakout.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: On the last day of this month, we will most likely have a busy day, where all the main events for the Australian dollar will develop at the level of 0.66460. As always, we highlight two scenarios for the development of events.
Scenario №1 is the most probable expected maneuver in the market for today, where, most likely, the price will accumulate below 0.66460 and then fall to support at the level of 0.66000. There is also an alternative option called scenario №2, where entry is also assumed near the level of 0.66460, but after the formation of a false breakout.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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