Get started
GIgor_021

AUDUSD: possible scenario

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
GIgor_021 Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Supply and Demand Support and Resistance Beyond Technical Analysis audusdshort interestrate RBA uncertainty riskreward comment like followme
8
2
supplyanddemand supportandresistance beyondta audusdshort interestrate rba uncertainty riskreward comment like followme
RBA interest rate decision remained unchanged (0.75%), while the market was pricing interest rate cut.. that's why AUD is bullish at the moment..

..however global uncertainty around China might put another selling pressure on AUDUSD.

Joining bears from 0.674-0.6779 price zone with 0.665 T/P provides decent R:R (at least 2.31).

//

Feel free to share your opinion/position via comment and follow me to stay updated.
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.