SELL NOW, Selling force prevails

⭐️Smart investment, Strong finance

⭐️AUD/USD INFORMATION:
During the Asian session on Wednesday, the AUD/USD pair is struggling to gain significant momentum and continues to trade below its two-week high of around 0.6470-0.6475, which was reached yesterday. The spot prices are currently moving within a familiar range and hovering around the mid-0.6400s as traders eagerly await the outcome of the highly anticipated FOMC policy meeting before making any further directional moves.

Market participants anticipate that the Federal Reserve (Fed) will maintain interest rates at their current levels, shifting attention towards forward guidance instead. In light of resilient US macroeconomic data and lingering inflation concerns, there has been speculation in the market about a potential 25 basis point rate hike by year-end. This outlook supports higher US Treasury bond yields, which in turn bolster the strength of the US Dollar (USD) while posing challenges for AUD/USD.

⭐️Personal comments NOVA:
The selling force is showing a clear downward trend during the day, and the price has reached a strong resistance zone

⭐️SET UP AUD/USD PRICE:

🔥SELL AUD/USD zone: 0.64530 - 0.64630 SL 0.65030
TP1: 0.64200
TP2: 0.64000
TP3: 0.63500

⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.

⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest

Комментарий:

Unfortunately, the price hit SL then DOWN strongly