Waoh, Australin Dollar is strenghten as US is in problems!!!
That is my proyection in H4 timeframe on how we see AUD for the next hours in each H4 candlestick, and more importan is to see in H1 timeframe when the price is going to down a little it's make a pull back. For now, there are not reccomendation to operate and trade this par, we need to hope the confirmations, because there are two probabilities:
1. The price is going to break up, make a pull back ang go down the up the price
2. The other possibility is tha price is going to down until the $0.6899 USD approximattely and then, make a buy with confirmation of bullish candlestick, so important then.
So, but in generally we see that Australian economy is recovery and there are not news of this country, but, technically we see to proyect a recover of the AUD currency.
And also, for tomorrow we have a important economic calendar of 3 bulls that mean a extreme volatil movement of the AUD for tomorrow when will be the meeting about the Reserve Bank of Australia it's will have a meeting this week about the monetary policy and rate decision. There are a commentary is what expert called a remain at the current all-time low of 0.25% of rate interest on signs the downturn will not be as bad as expected. A more upbeat to from the central bank and recent gains in commodity prices such as copper will boost the "Aussie".
So, in midterm we see as expert of financial market is that Australin Dollar is into the recovery and we hope that this currency are up the price in the next months, that we hope. And also, about the situation in United States, the states of the union are growup the number of cases of coronavirus as New York, California and Florida had a lot cases in the past weeks, so this indicator is bad for the United States.
Also, why not we created a special analysis for Saturday about the proyection of this par AUD/USD in weekly and monthly, and Daily too to see in long term. That is so interesting in my mind to created it.
1. The price is going to break up, make a pull back ang go down the up the price
2. The other possibility is tha price is going to down until the $0.6899 USD approximattely and then, make a buy with confirmation of bullish candlestick, so important then.
So, but in generally we see that Australian economy is recovery and there are not news of this country, but, technically we see to proyect a recover of the AUD currency.
And also, for tomorrow we have a important economic calendar of 3 bulls that mean a extreme volatil movement of the AUD for tomorrow when will be the meeting about the Reserve Bank of Australia it's will have a meeting this week about the monetary policy and rate decision. There are a commentary is what expert called a remain at the current all-time low of 0.25% of rate interest on signs the downturn will not be as bad as expected. A more upbeat to from the central bank and recent gains in commodity prices such as copper will boost the "Aussie".
So, in midterm we see as expert of financial market is that Australin Dollar is into the recovery and we hope that this currency are up the price in the next months, that we hope. And also, about the situation in United States, the states of the union are growup the number of cases of coronavirus as New York, California and Florida had a lot cases in the past weeks, so this indicator is bad for the United States.
Also, why not we created a special analysis for Saturday about the proyection of this par AUD/USD in weekly and monthly, and Daily too to see in long term. That is so interesting in my mind to created it.