Today's release of China's impressive PMI data sparked a large inflow of funds into the yuan, causing the sudden decline of the US dollar index. This is clearly a short-term impact and will not change the overall market trend. Therefore, after this abnormal volatility is exhausted, the market will return to its original rhythm.
Regarding the operation of the US dollar index, it is still judged as a short-term opportunity to buy on dips, while for AUD/USD, it is advisable to short on rallies. Based on the market, the following recommendations are given:
Short between 0.6790-0.6770, with profit targets at 0.6750, 0.6730, and 0.6700.
Note: the first take profit level is about to be reached
Trade chiuso: obiettivo raggiunto
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Note: Both the first take-profit level and the second take-profit level of AUD/USD have been reached, and those who follow the order can take a profit, or wait for the third take-profit level