Instrument: AUDUSD+
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above price 0.67474 with take profit at 0.67718
Bearish Preference: A
sell position is envisaged if the price trades below price 0.67311 with take profit at 0.67135
Fundamentals:
1:30pm USD Unemployment Claims
Comment:
The U.S. dollar steadied today after strong U.S. banking results firmed up expectations that the Federal Reserve will keep raising interest rates. The banking results continue to show that the U.S. bank funding situation is stabilising, despite the negative data from unemployment claims which is currently deciding the fate of the buck.
Analysis: SCRUM Team