Last week, the Australian Dollar slightly broke the top in the correction, as we anticipated in our previous analysis. In the coming week, we expect the price to lose some momentum and pullback towards the liquidity pool that we highlighted on the chart, before making another attempt to break the resistance area. Keep an eye on Tuesday’s RBA Interest Rate decision as it may cause some volatility for this pair. Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.