澳元/美元看空
AUD/USD: A Temporary Rally Before Further Decline!
Weak business activity data from China has put additional pressure on the Australian dollar. Last week's rise above 0.6300 was temporary, driven more by U.S. dollar weakness than by positive domestic factors.
In our previous analysis, we noted a short-term rally after breaking the trendline, but this move has proven to be temporary, as weakness in the Australian dollar persists. On the daily timeframe, a deeper decline is likely if the 0.63 support level breaks, increasing the chances of a drop toward 0.60.
In our previous analysis, we noted a short-term rally after breaking the trendline, but this move has proven to be temporary, as weakness in the Australian dollar persists. On the daily timeframe, a deeper decline is likely if the 0.63 support level breaks, increasing the chances of a drop toward 0.60.
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