After finishing its retest @ .673 Post PPI, Saddle Up AUDUSD
Morning,
My thoughts and research lead me to believe the PPI will come in more or less in line, +.1 MoM and the Aussie back will finish cleaning up orders/retest at the EMA 200 ~.673 and continue its March toward .70+. Continued market sentiment around optimism for rate cuts will continue to put pressure on the dollar, likely setting up a new range.
Low Risk Buy Area .673 (EMA 200) and .675 (EMA 100)
TP1 .67800
TP2 .68
+700pips into weekend
Good Luck.
My thoughts and research lead me to believe the PPI will come in more or less in line, +.1 MoM and the Aussie back will finish cleaning up orders/retest at the EMA 200 ~.673 and continue its March toward .70+. Continued market sentiment around optimism for rate cuts will continue to put pressure on the dollar, likely setting up a new range.
Low Risk Buy Area .673 (EMA 200) and .675 (EMA 100)
TP1 .67800
TP2 .68
+700pips into weekend
Good Luck.
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