Dollar Australia / Dollar ASPembelian
Will AUDUSD limitedly recover amid mixed views?
Macro:
- The aussie-dollar is rebounding after the bearish sentiment over Trump’s tariffs has pressured the currency.
- Expectations are rising that the RBA will cut interest rates this month due to easing inflation and weaker growth prospects.
- This theme may impair currency recovery if there are any further corrections.
Technical:
- AUDUSD is recovering from its swing low around the support at 0.6150. The price forms a potential double-bottom pattern, which may set an upward bias to the currency in the short term.
- If AUDUSD stays above its support at 0.6250, the price may continue to advance to retest at 0.6400, which confluences with the 38.2% level of the Fibonacci Retracement.
- On the contrary, closing below the support at 0.6250, confluence with EMA21 may prompt a retest of the previous swing low of around 0.6140.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
- The aussie-dollar is rebounding after the bearish sentiment over Trump’s tariffs has pressured the currency.
- Expectations are rising that the RBA will cut interest rates this month due to easing inflation and weaker growth prospects.
- This theme may impair currency recovery if there are any further corrections.
Technical:
- AUDUSD is recovering from its swing low around the support at 0.6150. The price forms a potential double-bottom pattern, which may set an upward bias to the currency in the short term.
- If AUDUSD stays above its support at 0.6250, the price may continue to advance to retest at 0.6400, which confluences with the 38.2% level of the Fibonacci Retracement.
- On the contrary, closing below the support at 0.6250, confluence with EMA21 may prompt a retest of the previous swing low of around 0.6140.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
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I’ve taken a break from my public community engagements to focus on raising my three kids, but I'm rediscovering my passion for working again. Stay connected, as I plan to return and rejoin my old communities with a lot of new skills one day soon.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.