The chart tells more than a thousand words. Tomorrow RBA meeting coming should send this pair from these levels to higher and test trendline.
Also, there is FOMC coming up on Wednesday and if we see dovish fed then I see this pair breaking the trendline and flying towards 0.7050 ish.
For more confluence go to the weekly chart and look left. Buying these levels gives a good risk to reward and "safe" entry, so to say.
Also, there is FOMC coming up on Wednesday and if we see dovish fed then I see this pair breaking the trendline and flying towards 0.7050 ish.
For more confluence go to the weekly chart and look left. Buying these levels gives a good risk to reward and "safe" entry, so to say.
Trade closed: target reached
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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.