Tag - aud - australian dollar

Trading plan for June 5
Trading plan for June 5

The US dollar index is falling. It is trading below $93.80. The support lies at $93.55.

AUD/USD: the aussie strives forward
AUD/USD: the aussie strives forward

On the daily chart of AUD/USD, after the pair reached 88.6% target of the “Shark” pattern, it rebounded to 23.6%, 38.2% and 50% of the CD wave within its transformation to 5-0.

AUD/USD: aussie may continue bullish trend
AUD/USD: aussie may continue bullish trend

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market returned inside a Cloud, but may continue uptrend.

AUD/USD: bears are resuming the trend
AUD/USD: bears are resuming the trend

On the daily chart, after reaching 88.6% target of the “Shark”, it’s transforming into 5-0. A pullback from 23.6% of the wave CD allowed to form short positions.

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