AUDUSD: Bearish Breakout Ahead! 55.06% Chance to Hit My Target!
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AUDUSD: Bearish Breakout Ahead! 55.06% Chance to Hit My Target!
AUD/USD OANDA:AUDUSD
Jasminex1x2
The Australian Dollar faces several headwinds that support a bearish bias against the US Dollar:
1. China's economic slowdown is hurting demand for Australian exports.
2. The RBA has paused rate hikes while the Fed maintains a hawkish stance, potentially widening the interest rate gap.
3. Global economic uncertainties favor the safe-haven USD over the risk-sensitive AUD.
I'm using probability analysis on my charts to find good short entry points for AUD/USD.
6M:
2W:
1H:
Feel free to comment below with your thoughts or questions!
