AUD / USD: Daily chart - choppy
Price on daily horizontal and weekly diagonal resistance
Price Action: Dodge and false breakout of horizontal resistance - probably drop
indicators:
50 / 200MA: 50 indicates the intersection 200 - if 50 passes 200 is a negative signal
DEM: bit over then 0.7 - possible downgrade
CCI (50) below 0 - a negative signal
SL: 0,75401
Sentiment: Today we expect an increase of interest rates in US. If the Fed raise interest rates this should support the dollar and to have a negative impact on risk appetite.
Alternative scenario: If the price crosses over 200MA is possible to see a new bullish momentum.
Jr_Trader_I_Ivanov
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