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Audusdforecast

#AUDUSD In the previous analysis, the expected ranges worked very accurately and we obtained the first target in the decreasing scenario by forming a divergence in the range of 0.70484, then 2 ranges of 0.70484 and 0.70588 are strong support to obtain ascending targets in the ranges of 0. 71159 and 0.71306. The 2 scenarios we expected easily covered each other. Now, in continuation of the above formed trend, we can expect a target in the range of 0.71795 with a break of the range of 0.71600, and after that, with a break of the range of 0.71795, we can expect the next target up to the ceiling of the channelized space in the range of 0.71984. .
by maryammh
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD - Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Even now, if RISK ON for AUDUSD happens in the near future, it can definitely go UP. Therefore, AUDUSD currently has an UPSIDE BIAS. Several RBA HAWKISH COMMENTS have been released. Also USD has become STRONG in short term with FED SENTIMENT. It will most likely be temporary. Therefore, STOCKS and COMMODITIES MARKETS are going down quite a bit. It is heavily influenced by the Australian dollar. And AUSTRALIA INFLATION DATA was very POSITIVE. Due to this, the RBA made a RATE HIKE. - It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to the level of 0.7291. After that, if the MARKET RISK OFF, AUDUSD can SELL to the AUDUSD 0.7044 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start to fall further. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
by benny_marshall
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