AUDUSD| Two possible scenarios for today ahead of CPI data
I am looking at AUDUSD during these days and in my personal opinion
it is getting very complex.
The first problem is that we are facing the low liquidity that is related to the actual season now.
The second problem is that the market was focused on CPI data and the price is creating a very ugly pattern.
In the first scenario, the price is showing a triangle pattern that can push the price
higher from where it is now.
This scenario has higher changes in my opinion.
In the second scenario, the price can make any strange movement after CPI data and any price
decrease below 0.6870 can move it lower.
So just be careful as both are not so clear.
Thank you and Good Luck!
I am looking at AUDUSD during these days and in my personal opinion
it is getting very complex.
The first problem is that we are facing the low liquidity that is related to the actual season now.
The second problem is that the market was focused on CPI data and the price is creating a very ugly pattern.
In the first scenario, the price is showing a triangle pattern that can push the price
higher from where it is now.
This scenario has higher changes in my opinion.
In the second scenario, the price can make any strange movement after CPI data and any price
decrease below 0.6870 can move it lower.
So just be careful as both are not so clear.
Thank you and Good Luck!
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