Hong Kong
2024-12-19 18:27
IndustryAUD/USD: More bullish
Yesterday AUD/USD fell strongly, falling below the 0.6300 level and briefly touching the expected second short target 0.6210. However, the AUD/USD is on the lower edge of the downtrend channel and there are signs of a bullish start, so my view on the AUD/USD today is more biased to the upside, with a bull target of 0.6405.
However, if it breaks below 0.6200, then the AUD/USD may resume its downtrend.
Today I expect AUD/USD to trade between 0.6190 and 0.6290.
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AUD/USD: More bullish
Hong Kong | 2024-12-19 18:27
Yesterday AUD/USD fell strongly, falling below the 0.6300 level and briefly touching the expected second short target 0.6210. However, the AUD/USD is on the lower edge of the downtrend channel and there are signs of a bullish start, so my view on the AUD/USD today is more biased to the upside, with a bull target of 0.6405.
However, if it breaks below 0.6200, then the AUD/USD may resume its downtrend.
Today I expect AUD/USD to trade between 0.6190 and 0.6290.
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