The bearish sentiment prevails on the AUD/USD currency pair. Over the past two weeks, the Australian dollar has fallen in price by more than 140 points. Aussie is still under pressure amid weak inflation data. The trading instrument is tending to decline. At the moment, a classic pattern of Price Action, Inside Bar, has been formed (H4 timeframe), which is a formation of the continuation of the current trend. The AUD/USD quotes are testing local support of 0.70300. We recommend paying attention to this situation.
If the price fixes below 0.70300, you should consider selling AUD/USD. The immediate goal for profit taking is a round level of 0.70000. In the medium term, the AUD/USD quotes may reach 0.69500-0.69000. Confirmations and entry points to the market should be looked for on lower timeframes. When tracking positions, we recommend using a trailing stop.
Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.Abrir cuenta