Trade Call: SHORT
AUD - weak currency
- inflation is lower than the target
-GDP is lower than the global benchmark (around 6% compared to roughly 2%)
- Unemployment is falling gradually (muted effect)
USD - Strong
-employment is falling
-inflation fluctuates but within the range
-GDP fluctuates but within the range
- safe haven currency
Daily support 0.70401 was broken. Price is heading downtrend to weekly resistance of 0.60991
AUD - weak currency
- inflation is lower than the target
-GDP is lower than the global benchmark (around 6% compared to roughly 2%)
- Unemployment is falling gradually (muted effect)
USD - Strong
-employment is falling
-inflation fluctuates but within the range
-GDP fluctuates but within the range
- safe haven currency
Daily support 0.70401 was broken. Price is heading downtrend to weekly resistance of 0.60991