AUDUSD has selling for the past 8 consecutive weeks since 12th Jul 2023 to date.
Price is currently making upward corrections and i expect it to fulfill the fibo retracement conditions and then short further to the next significant level at 0.62780.
The DXY is on the front foot of strengthening more and that could even ignite more shorts on AUDUSD.
There is important news on USD coming up from Wednesday to Friday on CPI, PPI and unemployment claims and others so let us keep tune on it.
All the best traders.
Price is currently making upward corrections and i expect it to fulfill the fibo retracement conditions and then short further to the next significant level at 0.62780.
The DXY is on the front foot of strengthening more and that could even ignite more shorts on AUDUSD.
There is important news on USD coming up from Wednesday to Friday on CPI, PPI and unemployment claims and others so let us keep tune on it.
All the best traders.