SHORT AUDUSD AHEAD OF SEPTEMBER FOMC
With growing speculation about a potential interest rate raise in September, the USD should keep strengthening before then. Moreover, situation in Asia is still negative and should keep impacting AUD and NZD.
After a small rebound due to the post Australia's central bank announcement. The timing seems perfect to try a re-entry on the short side.
First target is 0.69 and second target is 0.63 with an invalidation if the price closes back above 0.75.
After a small rebound due to the post Australia's central bank announcement. The timing seems perfect to try a re-entry on the short side.
First target is 0.69 and second target is 0.63 with an invalidation if the price closes back above 0.75.