AUDUSD ANALYSIS FOR THE WEEK

11 giu 2022

For Monday, I am predicting that the price will most likely move towards the 0.618 on the Fibonacci, at 0.69952 and a reversal to 0.718383. If this happens, then Tuesday, a reverse movement back to the downside, setting 0.68521 as TP. Considering the expected weakness, If this happens, the price will proceed from 0.718383 to the upside, up to 0.76566. If USD breaks its structure, AUDUSD will go below the channel at 0.68000. Fingers crossed.