📊TECHNICAL ANALYSIS ON 4-HOURS TIMEFRAME
The AUDUSD pair trades negatively after 0.6660 level formed solid resistance against the price, affected by stochastic negativity, and it needs to get positive motive that assist to push the price to breach this level and confirm rallying towards 0.6700 followed by 0.6780 as next positive targets, taking into consideration that the continuation of the decline and breaking 0.6620 will push the price to continue the decline and test 0.6545 areas before any new attempt to rise. The expected trading range for today is between 0.6600 support and 0.6710 resistance
📊QUICK FUNDAMENTAL LOOK
Dollar declined in European trade on Wednesday against a basket of major rivals, sharpening losses for the fifth day in a row and plumbing a three-month trough as investors sell off the dollar and US treasury bonds. Now investors await crucial US data later today on third quarter GDP growth to determine the likely path ahead for policies.
⚠️Warning: Trading contains elements of risk, please be careful when Making Orders, Market Recommendations are only for consideration.