AUDUSD 30/08: Are buyers ready to catch the bottom?

Signals and strategies AUDUSD

$ Australia's consumer price index inflation fell more than expected in July, further away from a 30-year high as a series of sharp Reserve Bank rate hikes appeared to be working as expected. .

$ Consumer price index inflation rose 4.9% in the 12 months to July, data from the Australian Bureau of Statistics (ABS) showed on Wednesday. This index was lower than expectations of 5.2% as well as the previous month's 5.4%.

$ Monthly inflation fell below the 5% mark for the first time since February 2022, after falling sharply from a peak of 8.4% reached in December.

$ The July figures were mainly driven by falling fresh food and fuel prices, amid a stable global supply chain. Excluding these two items, core inflation decreased to 5.8% from 6.1% last month.

❤️Technical analysis :
The model has formed cups and handles. I expect strong buying from my supporters. Resistance 0.64350 became a great support zone

Comment:

NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest

Comment:

Hello everyone, I see a buy signal around the price range 0.64350 - 0.64150

SL : 0.63720

TP 1 : 0.64670
TP 2 : 0.64970
TP 3 : 0.65370

GOOD LUCK✅Wish us a lot of profit✅