AUDUSD Lower
i like selling AUDUSD here as a short term pullback.
nice resistance above which allows for good leverage.
metals/commodities are a touch lower, the yield differentials are also a touch lower.
the story for AUDUSD rising so far has been rising commodities which is lead to a strong terms of trade for australia and other commodity currencies. commodities are a touch lower and china is having issues with covid again which i think will weigh on AUD. We also have the policy divergence which i think will only get wider with the RBA looking for higher wage growth.
sentiment is suggesting a move lower which helps.
overall a little bearish AUDUSD starting the week off.
not trading/investment advise, feedback welcome!
nice resistance above which allows for good leverage.
metals/commodities are a touch lower, the yield differentials are also a touch lower.
the story for AUDUSD rising so far has been rising commodities which is lead to a strong terms of trade for australia and other commodity currencies. commodities are a touch lower and china is having issues with covid again which i think will weigh on AUD. We also have the policy divergence which i think will only get wider with the RBA looking for higher wage growth.
sentiment is suggesting a move lower which helps.
overall a little bearish AUDUSD starting the week off.
not trading/investment advise, feedback welcome!
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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.