Aud usd downtrend- remain sell below 0.75

Aud usd forecast for next week

Aud usd forecast for next week

Aud/usd pair is trading at 0.7442 with loss. Aussie dollar price trend and momentum both turning down. After strong bounce back from 0.7315 level we saw aud/usd pair touched resistance zone of 0.75. But failed to sustain above that and which might trigger selling.   Dollar is also after correction getting strong which is also fundamental reason to go short in aud. For month my view on Aussie dollar rise sell below 0.75 and my first target will be at 0.7210. Aud/usd daily chart is showing lower tops and bottom price pattern which is also a bearish signal.   Aud usd weekly chart price trend and momentum both are down and after last week’s flat loss we already saw gains in this week but volume are low on upside which also reflecting lack of buying. From long term view, below 0.75 on weekly closing basis, aud can fall up to 0.7.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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