AUD/USD Trend Analysis: Exploring Potential Reversal Scenarios

2024年7月11日

AUD/USD extends its gains on Thursday despite the release of soft Consumer Inflation Expectations for July by the Melbourne Institute, reflecting subdued consumer expectations on inflation over the next 12 months.

The upward movement in the AUD/USD pair is underpinned by increasing speculation that the Reserve Bank of Australia (RBA) might delay joining the global trend of interest rate cuts or even consider raising rates anew.

From a technical standpoint, our analysis identifies a significant supply area affecting major currency pairs against the USD. This area is characterized by a convergence of supply-demand dynamics, seasonal influences, and the key 78.6% Fibonacci retracement level. These factors collectively reinforce our confidence in the potential for a reversal in the price trajectory.

✅ Please share your thoughts about AUDUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.

2024年7月19日

トレード稼働中

2024年7月22日

トレード稼働中

2024年7月24日

トレード終了: 利益確定目標に到達

✅ I'm Closing 50% Volume of the position and Move SL to Breakeven.

2024年7月25日

トレード終了: 利益確定目標に到達

✅ I'm closing 100% of the Position Right now.

2024年8月1日

トレード終了: 利益確定目標に到達