D_Market_Outlook

AUDUSD Short (Post RBA)

Short
D_Market_Outlook Mis à jour   
FX:AUDUSD   Dollar Australien/Dollar Américain
11
Fundamentals:
- Post RBA has been bearish for the Aussie, with Central Bankers stating their reluctance to normalise policies.
- Coupled with the USD increasing strength due to strong economic fundamentals and Fed rate hikes(In my opinion not fully priced in due to an idiot still sitting in the white house).

Technical side:
- Bounced off daily resistance level.
- Break of support level in RSI(14)

Risk:
- I came in fucking late, so yes expected upward retracement possible. Expanded Stop loss to cater for that.

Main Follow up actions:
- Monitor Australia economic indicators
- Fed's actions and US economic strength
Commentaire:
Aussie trade balance shows good data and downward momentum is weak also due to weak FOMC minutes(indecisive on rate hikes). Possibly a small up movement in near future.Fundamentally still bearish on the AUD.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.