AUDUSD - Below 0.70
Hi everyone,
It seems that the Australian dollar has broken significant support and keeps the focus lower in price.
I expect the AUDUSD to go lower around 0.68 for the following reasons:
1- US Dollar Index is on the Upside.
2-The weekly MACD looks bearish.
3- Bad news from the Reserve Bank of Australia.
4- No good news from China.
On the other hand, this could be a buy opportunity since there is a massive support at 0.70, however I do not think this will be the case this time.
It seems that the Australian dollar has broken significant support and keeps the focus lower in price.
I expect the AUDUSD to go lower around 0.68 for the following reasons:
1- US Dollar Index is on the Upside.
2-The weekly MACD looks bearish.
3- Bad news from the Reserve Bank of Australia.
4- No good news from China.
On the other hand, this could be a buy opportunity since there is a massive support at 0.70, however I do not think this will be the case this time.
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.
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.