AUDUSD: Bearish Breakout Ahead! 55.06% Chance to Hit My Target!
Updated
The Australian Dollar faces several headwinds that support a bearish bias against the US Dollar:
1. China's economic slowdown is hurting demand for Australian exports.
2. The RBA has paused rate hikes while the Fed maintains a hawkish stance, potentially widening the interest rate gap.
3. Global economic uncertainties favor the safe-haven USD over the risk-sensitive AUD.
I'm using probability analysis on my charts to find good short entry points for AUD/USD.
6M:
2W:
1H:
Feel free to comment below with your thoughts or questions!
1. China's economic slowdown is hurting demand for Australian exports.
2. The RBA has paused rate hikes while the Fed maintains a hawkish stance, potentially widening the interest rate gap.
3. Global economic uncertainties favor the safe-haven USD over the risk-sensitive AUD.
I'm using probability analysis on my charts to find good short entry points for AUD/USD.
6M:
2W:
1H:
Feel free to comment below with your thoughts or questions!
Trade closed: stop reached
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