AUD-USD is now in Critical Buy zone
Buy 0.70626 Stop lost 0.69500 Take Profit 0.74000
The market is naturally to bearish force. I trade this one for reverse. Not fully structure formed. Only Daily chart and 4Hour chare long-tail rejection candle formed. But it is nearly monthly low. Strong support level. If the support zone maybe breaks out, the possibility is that price will go down to 0.66300.
| Date | Price | Open | High | Low | Change % |
|---|---|---|---|---|---|
| Dec 07, 2021 | 0.7050 | 0.7049 | 0.7056 | 0.7039 | 0.01% |
| Dec 06, 2021 | 0.7049 | 0.6998 | 0.7056 | 0.6995 | 0.45% |
| Dec 05, 2021 | 0.7017 | 0.7007 | 0.7020 | 0.6995 | 0.24% |
| Dec 03, 2021 | 0.7001 | 0.7095 | 0.7102 | 0.6992 | -1.30% |
6.December.2021 ( There is no important data today)
AUD/USD is correcting higher 0.45 %. Tomorrow early morning, we have key data to watch-
Reserve Bank Board Meeting – Monetary Policy Decision in this early morning.
7. December.2021 ( RBA surprise Day?)
Fundamental Data :
- Australia AIG Service Index was up from 47.6 to 49.6. Bullish force for AUD
- Australia House Price Index (HPI) QoQ -down 6.7% to 5 % But nothing change from forecast- 5 %. Still bearish sense for AUD.
Reserve Bank Board Meeting-
- 14. Dec.2021 : NAB Business Confidence Bad for currency
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