Although the New York Fed explained Williams’ speech, the market’s expectation that the Fed will cut interest rates by 50 basis points at the end of the month is still be happen, putting the dollar under pressure; The Australian dollar broke through as the dollar weakened.
RSI and Stoch seem overbought and the price maybe reach resistance area;
AUDUSD today trading range would be around 0.70350.71000;
Australia and the United States maintain an upward trend, price would may have a reverse; intraday trading suggests to do a long bias above 0.70450, target around 0.70700.
*This is based on current market conditions which can change any time. All trades taken at your own risk
RSI and Stoch seem overbought and the price maybe reach resistance area;
AUDUSD today trading range would be around 0.70350.71000;
Australia and the United States maintain an upward trend, price would may have a reverse; intraday trading suggests to do a long bias above 0.70450, target around 0.70700.
*This is based on current market conditions which can change any time. All trades taken at your own risk
