The road is clear ahead for the aussie dollar pair, as risk on assets across the board lifts off this week. There are major points of resistance from here and the upside seems capped for this pair. Let's talk about some potential targets.
BULL CASE
0.750 is the immediate price target where we will find some resistance. If nothing changes on the macro level, we will see a brief consolidation in price and then a price will retest 0.760
BEAR CASE
This week may see greater price retrace to a lower level before we find upside. Regardless, we always make sure we have money on the sidelines to buy the dip when a clear direction is established.
BULL CASE
0.750 is the immediate price target where we will find some resistance. If nothing changes on the macro level, we will see a brief consolidation in price and then a price will retest 0.760
BEAR CASE
This week may see greater price retrace to a lower level before we find upside. Regardless, we always make sure we have money on the sidelines to buy the dip when a clear direction is established.
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.
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.