AUDUSD is approaching a key trendline resistance after a short-term recovery. However, repeated rejections at this level in the past suggest a potential reversal is forming. The current structure mirrors previous setups – a mild rally into the trendline followed by weakness.
On the news front, recent U.S. economic data has supported the dollar, particularly stable job numbers and consumer confidence. Meanwhile, the market is awaiting the upcoming FOMC meeting minutes and Australia’s CPI report. Without a surprise boost from AUD fundamentals, the pair could face renewed downward pressure in the coming sessions.
On the news front, recent U.S. economic data has supported the dollar, particularly stable job numbers and consumer confidence. Meanwhile, the market is awaiting the upcoming FOMC meeting minutes and Australia’s CPI report. Without a surprise boost from AUD fundamentals, the pair could face renewed downward pressure in the coming sessions.
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Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
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📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.