AUD-USD Analysis
📊 AUD-USD Analysis
🌅 The bears had the market for the last trading week, with 'em dragging the market down to 0.7000 support level as expected.
🥎 Market currently at consolidation level(💟 pink area on chart) as traders/investors struggle to decide the next move of market , AUD data being weak of late supports a bearish move below s1 to 0.6800 region and the US election just around its conclusion makes the market even more indecisive.
💭 The BIG question going through investors mind is what will the outcome of the US Election mean for the Aussie, will it cause a change in trend or strengthen the current trend? -Time will tell.
🌅 The bears had the market for the last trading week, with 'em dragging the market down to 0.7000 support level as expected.
🥎 Market currently at consolidation level(💟 pink area on chart) as traders/investors struggle to decide the next move of market , AUD data being weak of late supports a bearish move below s1 to 0.6800 region and the US election just around its conclusion makes the market even more indecisive.
💭 The BIG question going through investors mind is what will the outcome of the US Election mean for the Aussie, will it cause a change in trend or strengthen the current trend? -Time will tell.
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