澳元/美元

AUD/USD 4HR // 11 April 2024 Analysis

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For AUD/USD, we saw a huge drop in the price following the CPI news yesterday.

Today, it is near a key level of 0.65000 which has been acting as a great level of support. Waiting to see what price does around this area.

US PPI news coming out today so we can expect big moves.

For long positions, waiting for a bounce back. For short positions, wait and see for break and retest of that level.

DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.

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