Is Aussie ready for a breakout ?
Click the link in the "Yellow circle" to see the previous forecasts
As long as if it rejects the upper "white line," I reckon AUD will fall to the target, which could be below depends on the fundamental. Keep in mind; there are a few minor support in between.
This analysis fails if the candle breakout and close above the upper "white line."
Catalyst:
- AUD PMI
- US Flash Manufacturing PMI
- US CB Consumer Confidence
- AUD Construction Work Done
- US Prelim GDP
- US Unemployment Claims
- US Consumer sentiment
- FOMC
- AUD Private Capital Expenditure
- Covid-19 breaking news
As long as if it rejects the upper "white line," I reckon AUD will fall to the target, which could be below depends on the fundamental. Keep in mind; there are a few minor support in between.
This analysis fails if the candle breakout and close above the upper "white line."
Catalyst:
- AUD PMI
- US Flash Manufacturing PMI
- US CB Consumer Confidence
- AUD Construction Work Done
- US Prelim GDP
- US Unemployment Claims
- US Consumer sentiment
- FOMC
- AUD Private Capital Expenditure
- Covid-19 breaking news
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