Daily Market Analysis 15/10/2021: AUDUSD

Daily Analysis / Online Education

Daily Market Analysis 15/10/2021: AUDUSD

Instrument: AUDUSD

Technical Analysis

Bullish Preference: 
A Buy position is envisaged if price trades above 0.74473 with take profit at 0.74598.
Bearish Preference: 
A Sell position is envisaged if price trades below price 0.74214 with take profit at 0.74103.
1:30pm USD Core Retail Sales m/m
            USD Retail Sales m/m

Comment: The dollar was down on Friday morning in Asia, set for its first weekly decline since the start of September. It retreated from a one-year high as investors focus on when the U.S. Federal Reserve will start to hike interest rates.

Analysis: SCRUM Team

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