Instrument: AUDUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 0.66950 with take profit at 0.67096
Bearish Preference:
A sell position is envisaged if the price trades below price 0.66621 with take profit at 0.66413
Fundamentals:
3PM USD CB Consumer Confidence
Comment:
The U.S. dollar edged higher in early European trade Wednesday, attempting to arrest two days of losses, but this safe haven remained fragile given the growing confidence in the health of the global banking sector. The index remains marginally above last week’s low of 101.91, its weakest level since early February.
Analysis: SCRUM Team
