Preferred direction: BUY
Comment: The US dollar's main competitors are likely preparing to strengthen in the short term. The news background can contribute to this. The focus is, of course, on NFP. The market may not yet have recovered sufficiently after the holidays, and it is the NFP that can finally do this.
Technically, the AUDUSD currency pair is looking long, probably even the best at the moment. The price has entered the limit buyer area, and the likelihood that he will defend this area is high. We are considering two scenarios, and, given today’s NFP, it is best to use it immediately with a general stop loss below support 0.66659. It is necessary to take into account that scenario 2 is the formation of a false breakout, so stop loss should be taken with a margin. We place the growth target at 0.68399.
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Comment: The US dollar's main competitors are likely preparing to strengthen in the short term. The news background can contribute to this. The focus is, of course, on NFP. The market may not yet have recovered sufficiently after the holidays, and it is the NFP that can finally do this.
Technically, the AUDUSD currency pair is looking long, probably even the best at the moment. The price has entered the limit buyer area, and the likelihood that he will defend this area is high. We are considering two scenarios, and, given today’s NFP, it is best to use it immediately with a general stop loss below support 0.66659. It is necessary to take into account that scenario 2 is the formation of a false breakout, so stop loss should be taken with a margin. We place the growth target at 0.68399.
Thank you for like and share your views!
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