Hello everyone , as we all know the market action discounts everything :) as we all saw from the video all the signs and indicators are giving us a STRONG sell signal , the AUD/USD seems to be dropping even more in the near future.
Fundamental analysis :
The Australian dollar has rallied a bit during the trading session on Monday to show signs of recovery, as the 0.75 has caused a lot of noise. That being said, it will be interesting to see how this plays out because if we do break down a little bit, then the market is likely to go much lower, perhaps as low as the 0.72 handle. After the last couple of days, it is very likely that we will see continued downward pressure given enough time. The question at this point is whether or not we are going to bounce and break down, or are we going to turn everything right back around? I suspect it is going to take quite a bit of effort to turn this thing around.
If you have any questions please ask
Thank you for reading & watching .
Fundamental analysis :
The Australian dollar has rallied a bit during the trading session on Monday to show signs of recovery, as the 0.75 has caused a lot of noise. That being said, it will be interesting to see how this plays out because if we do break down a little bit, then the market is likely to go much lower, perhaps as low as the 0.72 handle. After the last couple of days, it is very likely that we will see continued downward pressure given enough time. The question at this point is whether or not we are going to bounce and break down, or are we going to turn everything right back around? I suspect it is going to take quite a bit of effort to turn this thing around.
If you have any questions please ask
Thank you for reading & watching .