Last week, we expected the Australian Dollar to break the low one more time and start a reversal. Instead, the price continued to range the whole week, without any impact from the RBA monetary policy statement.
In the coming week, we anticipate the price to break the low and start a reversal that could push the price towards the resistance area or the orange trendline.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In the coming week, we anticipate the price to break the low and start a reversal that could push the price towards the resistance area or the orange trendline.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
