Hey traders, market is pricing a lot of hawkishness from fed due to the recent data.. but the market choose to rebalance and dollar remains indecisive prior to CPI data.. so from now on since the rate hikes are priced in i think we may get good opportunities selling the dollar against commodities... also a weak dollar could give us good opportunities to be bullish on stocks, cryptos along with AUD and NZD.
Remember that this is not a financial advice and we are speaking just theories.
technically we noticed a decent breakout in AUDUSD so if it retraces from 0.675 zone that should be a good push for bulls.
Trade safe, Joe.
Remember that this is not a financial advice and we are speaking just theories.
technically we noticed a decent breakout in AUDUSD so if it retraces from 0.675 zone that should be a good push for bulls.
Trade safe, Joe.
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