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AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS

Dollar Australia / Dollar AS (FX:AUDUSD)  
benny_marshall  
FX:AUDUSD   Dollar Australia / Dollar AS
Trend Analysis Wave Analysis Fundamental Analysis AUDUSD audusdforecast audusdanalysis audusdsignal audusddaily audusdelliott audusdprediction audusdpattern audusdtrade
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trendanalysis waveanalysis fundamental audusd audusdforecast audusdanalysis audusdsignal audusddaily audusdelliott audusdprediction audusdpattern audusdtrade
#AUDUSD

- Currently AUDUSD is going down very fast. The reason for that is the VIX UP and the strength of the dollar. A MARKET FEAR about the economic recession is currently underway.

- Thus COMMODITIES are going down. It also affects AUSD very strongly. The Australian dollar was shown as the WEAK CURRENCY of CURRENCY STRENGTH.

- AUDUSD can move further until it reaches 0.6670 LEVEL. And after that, if the MARKETS RISK is ON, you can definitely BREAK the TREND LINE in AUDUSD and BUY up to the 0.7212 LEVEL.

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