Last week, the Australian Dollar hit our support target and started to slowly increase.
In the coming week, we expect the price to begin a bullish move and reach the resistance level. This move might be triggered by the RBA Interest Rate Decision that will take place on Tuesday, the 1st of June.
We recommend caution trading this pair as we find ourselves in the middle of a complex consolidation pattern.
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 expect the price to begin a bullish move and reach the resistance level. This move might be triggered by the RBA Interest Rate Decision that will take place on Tuesday, the 1st of June.
We recommend caution trading this pair as we find ourselves in the middle of a complex consolidation pattern.
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.
