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FreshBread5

AU quick shawty to long for CPI

Long
Australian Dollar / U.S. Dollar (FOREXCOM:AUDUSD)  
FreshBread5 Updated   
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis
2
0
trendanalysis
AU was bullish all last week showing signs of bullish pressure. This week we have GDP for USD, we also have AU CPI and NU news. In this analysis I see a nice gap, and bearish pressure from AU with the confluence of DXY strengthening,
Comment:
Some more confluence is this 4hr chart showing AU bulls trying to break .66 level and failing staying consistently below the 200 ema. We also have a nice clear down trendline
Comment:
After we see a lot of bearish pressure fade, we will see a nice pump from AU cpi from this gap level
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