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AUD/USD: a bet on the stronger greenback

AUD/USD: a bet on the stronger greenback

Information is not investment advice

How to make a bet on a less dovish Federal Reserve? One of the options is to try selling AUD/USD. The pair’s trading below the weekly pivot point in the 0.7060 area. This area provided support for the pair in February and at the beginning of April. Now it will act as resistance. The decline may target the psychologically important level of 0.70 as well as 0.6950.

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XAU/USD has moved this week in line with its short-term uptrend and the overall long-term uptrend reaching $1 865.

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