| AUD/USD intraday: under pressure. |
Pivot: 1.047
Our preference: Short positions below 1.047 with targets @ 1.039 & 1.0365 in extension. Alternative scenario: Above 1.047 look for further upside with 1.05 & 1.053 as targets. Comment: the RSI is mixed to bearish. |
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AUD/USD was marked by choppy trading, and the aussie had limited losses against the US dollar this week, as the pair closed around the 1.0450 level. The upcoming week is very quiet, with just three releases.
A weak Chinese Manufacturing PMI underscored a slowdown in the Chinese economy. As China’s number one trading partner, these weak numbers are bearish for the aussie.
Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id
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