AUDUSD Lower
i like selling AUDUSD here as a short term pullback.
nice resistance above which allows for good leverage.
metals/commodities are a touch lower, the yield differentials are also a touch lower.
the story for AUDUSD rising so far has been rising commodities which is lead to a strong terms of trade for australia and other commodity currencies. commodities are a touch lower and china is having issues with covid again which i think will weigh on AUD. We also have the policy divergence which i think will only get wider with the RBA looking for higher wage growth.
sentiment is suggesting a move lower which helps.
overall a little bearish AUDUSD starting the week off.
not trading/investment advise, feedback welcome!
nice resistance above which allows for good leverage.
metals/commodities are a touch lower, the yield differentials are also a touch lower.
the story for AUDUSD rising so far has been rising commodities which is lead to a strong terms of trade for australia and other commodity currencies. commodities are a touch lower and china is having issues with covid again which i think will weigh on AUD. We also have the policy divergence which i think will only get wider with the RBA looking for higher wage growth.
sentiment is suggesting a move lower which helps.
overall a little bearish AUDUSD starting the week off.
not trading/investment advise, feedback welcome!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.