Hi traders ! Here's an analysis on AUDUSD and what my possible trade on this pair would be. This pair has over the time, experienced growth and right now, the market has shows some level of bullish exhaustion and we're at this point expecting the bears to step in this market and cause some discount. Another confluence reason for this possible move is the current strength of the USD after yesterday's FOMC where the Feds said they'd reduce their balance sheet by $95B a month, that looked like a high number but investors were strong in it because the feds were taking most of it ($65B) from treasuries, which doesn't exactly affect their stocks.
So this is how I'm watching this pair, and upon possible confirmation, I'd go short. But as always, the DISCLAIMER: Our analysis are not a recommendation to Buy or Sell. It is strictly for educational purposes only.
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So this is how I'm watching this pair, and upon possible confirmation, I'd go short. But as always, the DISCLAIMER: Our analysis are not a recommendation to Buy or Sell. It is strictly for educational purposes only.
Please give us a LIKE to support us and encourage us come up with more educative contents.