Instrument: AUDUSD
Intraday: Bullish
Technical Analysis
Preference:
Bull position is envisaged if price trades above 0.69842 with take profit at 0.70418.
Alternative scenario:
Sell position is envisaged if price trades below 0.69400 with take profit at 0.68862
Fundamentals:
3:00pm USD ISM Non-Manufacturing PMI
Comment: The markets are currently focused on other currency pairs, like the Australian dollar, which is still in a clear uptrend against the U.S. dollar due to the rise in copper prices.
Analysis: SCRUM Team