AUD/USD Trading Idea
Pair: AUD/USD
Current Price: Around 0.6500
Trend: Downtrend continues despite RBA’s hawkish tone
Market Overview:
The Australian Dollar is under pressure even though the Reserve Bank of Australia (RBA) sounded positive on rates. The strong US Dollar is keeping AUD/USD weak, and bears are in control near the 0.6500 level.
Trading Idea:
🔴 Sell (Short) below 0.6490
🎯 Target 1: 0.6460
🎯 Target 2: 0.6430
⛔ Stop Loss: 0.6525
Alternative Idea:
If price breaks above 0.6530, look for a Buy (Long) setup toward 0.6560 for a short rebound.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.


Leave Your Message Now