Strifor || AUDUSD-07/12/2023
Preferred direction: BUY
Comment: The potential long trade we previously discussed on this currency pair is in progress. Here scenario 2 is designated as the main one. Tomorrow the release of the NFP is expected, at which, based on the technical picture, as well as the formed volume, the US dollar is expected to weaken. Against this background, the long trade under scenario 2 remains valid.
Before the NFP, and in principle before growth, there will most likely be a pullback downwards, and we also do not rule out a sharp drop down to collect liquidity. In the medium term, we expect the maximum to be renewed at the level of 0.67000.
Thank you for like and share your views!
Comment: The potential long trade we previously discussed on this currency pair is in progress. Here scenario 2 is designated as the main one. Tomorrow the release of the NFP is expected, at which, based on the technical picture, as well as the formed volume, the US dollar is expected to weaken. Against this background, the long trade under scenario 2 remains valid.
Before the NFP, and in principle before growth, there will most likely be a pullback downwards, and we also do not rule out a sharp drop down to collect liquidity. In the medium term, we expect the maximum to be renewed at the level of 0.67000.
Thank you for like and share your views!
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