Instrument: AUDUSD
Bullish Preference:
A buy position is envisaged if the price trades above 0.66798 with take profit at 0.66920.
Bearish Preference:
A sell position is envisaged if the price trades below 0.66551 with take profit at 0.66432.
Fundamentals:
None with High Impact
Comment:
The dollar was on the back foot on Monday, though it found some safe-haven support on lingering worries that the protracted monetary tightening cycles from major central banks would further hurt the global economic outlook.
Analysis: SCRUM Team