章節 42  Is AUDUSD back down?

07/06/2023

Summary

Australian Negative news on GDP leads the market

Fundamental analysis

Fundamentally in this pair, We see the data released today in Australia's GDP YoY Came with negative market expectations than market expectations will give weakness to the Australian dollar against the USD which we see today's news release on trade balance it comes with better than the market expected.



Australia GDP YoY (SA) (Q1)

Prev.: 3.85%

Act.: 2.3%

Is AUDUSD back down?-第1張圖

U.S. Trade Balance (Apr)

Prev.: -60.6B USD

Fcst: -75.2B USD

Act.: -74.6B USD

Is AUDUSD back down?-第2張圖

Technical analysis

In this 4-hour diagram chart, the market price now is 0.66608, we expect the market to push the price down to the previous demand zone at 0.66400 and will rage for a while and from that point, the market will push the price down to the oldest demand zone at 0.64600 with the 20-moving average pointing down.



Trading Recommendation

Trading Direction: Short

Entry Price: 0.66397

Target Price: 0.64708

Stop Loss: 0.67283

Is AUDUSD back down?-第3張圖

關於我們 用戶協議隱私權政策風險披露認證協議社群規範 幫助中心 意見回饋
App Store Android

風險披露

金融工具交易屬於高風險投資活動,有導致部分或全部投資本金損失的風險,可能不適合所有投資者。本網站所包含的任何觀點、聊天訊息、通知、新聞資訊、研究調查、分析、價格或其他訊息都是作為一般市場訊息提供的,僅供教育和娛樂之用,並不構成投資建議。所有的觀點、市場行情、推薦或任何其他內容可能隨時會改變,恕不另行通知。Trading.live對因使用或根據這些訊息而直接或間接造成的任何損失概不負責。

© 2024 Tradinglive Limited. All Rights Reserved.