The AUD / USD trend remains bearish if viewed on the monthly charts, which can lead to the BRA cutting the interest rate. If we consider technical levels, here the Aussie remains above 1.0246, which is difficult to be overcome, a break below this level could widen the fall to 1.00 We therefore recommend selling below the downtrend line to 1.0246 weekly support and ultimate goal to 1.0149 (W_S2) The MACD is in negative zone, and maintaining a sell signal.
Gerardo Porras is taking part in the "Analyst of the Year" award organized by MT5.com portal. If you like his article, please vote for him.
