All trade participants wait for USA GDP data report, which may set deadlines for raising the Federal Reserve interest rate. If there is a strong report, the pair will be outsold, if weak, the pair receive an opportunity for growth.
AUD/USD Analisis
- Thread starter Dmitriy Enrst
- Start date
- Watchers 1
AUDUSD starts this week with negative mood. This suggests that the bulls will be able to change the situation in their favor. Since bears are not able to break the 0.7586 support level
According to the currency pair AUD / USD in the next week I expect growth of 4 waves up to the mark of 0.75, from which I expect a rebound and continue to fall as a 5 wave. For shorter periods of time frames in the whole wave 3 wave structure is completed.
Now the price has reached a decent intraday level - 0.7244. even by inertia it left just below, but it is not going far below (based on one-hour candles). I think it is logical and reliable to buy from 0.7239. All the same 20 pips out, not much, but steadily, in my opinion
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