The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
AUD/USD: a positive prospect
2021-03-11 • Updated
AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860. The best place to buy is around 0.7750, but we can’t be sure that the price will offer an opportunity to enter in that area.
Trade idea for AUD/USD
BUY 0.7750; TP1 0.7790; TP2 0.7815; SL 0.7735
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