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AUDUSD Forecast and Short Trade Opportunity

Update: Sub-target has been achieved

AUDUSD Forecast and Short Trade Opportunity

Fundamentally:

The Fed announced to reduce the repo operations by the end of April.

Global USD Demand remains strong. Aussie is overbought already.

The pair is testing the broken structure at 0.64400.

Bearish White Swan will be completed at 0.64900.

We sell the pair at 0.64400.

Our Stop Loss: 0.65100

Target 1: 0.63100

Target 2: 0.62400

Target 3: 0.61700

We plan to add short at the fractal breakout. We will update.

Update April 16th:

We have achieved our first target. Book partial profit at the second target.

Wait for the fractal breakout to add shot.

Entry notification will be sent. Live chart is updated with fractal line.

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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