FUTHUR UPSIDE POSSIBLE
Hello Friends, Traders and Investors. With a lot of choppy Price Action in the markets. The Australian Dollar is up 0.53% at 0.71370. THE USD fell to a one month low.
LONG POSITIONS above 0.7105 with targets at 0.7110 and 0.7190
SHORT POSITIONS below 0.7105 look for downside with targets at 0.7080 and 0.7060
Comments
As Markets considered whether the FED might slow or even pause its tightening cycle in the second half of the year , this could weaken the USD.
Weakness in the currency began after the minutes from the FED showed that a 50bps hike would likely be appropriate at the June and July’s policy meeting as the fight against inflation continues.
This is an article not Financial Advice always do your own research
If you have questions you can write it in the comments below and I will answer them
And please don’t forget to support this idea with your likes and comments
LONG POSITIONS above 0.7105 with targets at 0.7110 and 0.7190
SHORT POSITIONS below 0.7105 look for downside with targets at 0.7080 and 0.7060
Comments
As Markets considered whether the FED might slow or even pause its tightening cycle in the second half of the year , this could weaken the USD.
Weakness in the currency began after the minutes from the FED showed that a 50bps hike would likely be appropriate at the June and July’s policy meeting as the fight against inflation continues.
This is an article not Financial Advice always do your own research
If you have questions you can write it in the comments below and I will answer them
And please don’t forget to support this idea with your likes and comments
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