The Australian Dollar faces several headwinds that support a bearish bias against the US Dollar:
1. China's economic slowdown is hurting demand for Australian exports. 2. The RBA has paused rate hikes while the Fed maintains a hawkish stance, potentially widening the interest rate gap. 3. Global economic uncertainties favor the safe-haven USD over the risk-sensitive AUD.
I'm using probability analysis on my charts to find good short entry points for AUD/USD.
6M: 2W: 1H:
Feel free to comment below with your thoughts or questions!
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