DislikedThis is my Aussie forecast for the upcoming week. The close below the big psychological number should keep the current downtrend intact and we should see more downside pressure. Looking for a retest of 0.7400 and even possible a retest of 0.7350. {image} Regards, 1GoodTrade Follow me on twitter: https://twitter.com/Daytrader213Ignored
The Aussie is trading above the 0.74824 for the time being. US data is not that promising. Also we are on the brink of war at the moment with North Korea the US is in a bad space.
The issue / challenge with US is the tax rate is going to be reduced yet their spending is going to increase which means budget deflict willl increase.