Short-Term Correction Pressure to Digest Previous Gains

Commodity

Summary:

Gold remains supported by safe-haven demand amid geopolitical tensions, but profit-taking has triggered a pullback with short-term correction risks.

SELL XAUUSD

Close Time

CLOSED

3017.24

Entry Price

2985.00

3042.00

3020.21 +0.37 +0.01%

38.7

Pips

Profit

2985.00

3013.37

Exit Price

3017.24

Entry Price

3042.00

Fundamentals

Last Friday, gold briefly fell below 3000 due to a stronger US dollar and profit-taking. However, recent events—such as Hamas firing rockets at Tel Aviv, Israel's expanded ground operations in Gaza, attacks on Russian strategic bomber bases in the Ukraine conflict, and lingering Fed rate cut expectations—have kept gold supported by dip-buying and safe-haven demand.

However, Reuters reports that Ukrainian and US delegations met on Sunday under Saudi Arabia's mediation to discuss a ceasefire agreement and plans to protect energy facilities and critical infrastructure. Potential progress in the Russia-Ukraine conflict introduced new uncertainty, placing gold in a fresh tug-of-war between bulls and bears.

Additionally, delayed Fed rate cut expectations and stagnant holdings in the world's largest gold ETF (SPDR) for two consecutive weeks reflect institutional caution. With gold near unprecedented highs and declining trading volume signaling weak short-term momentum, further upside is unlikely. Meanwhile, a near-term correction remains a key risk.

Technical Analysis

XAUUSD: Short-Term Correction Pressure to Digest Previous Gains _1

In the 4H chart, XAUUSD retreated from highs and formed a small head-and-shoulders pattern, indicating short-term bearishness and a need to digest previous gains. While gold found support at the 3,000 level and rebounded, completing a retest of the neckline, recent signs of renewed downward momentum suggest selling at highs. However, the long-term bullish trend remains intact, with key support levels at 3,000 and 2,980.

Selling gold when it rebounds to 3,020 or 3,033. The target price is 2,980 and the stop-loss should stay above 3,040.

Trading Recommendations

Trading direction: Sell

Entry price: 3020

Target price: 3020

Stop loss: 3042

Support: 2980/3000

Resistance: 3040/3030

Risk Warnings and Disclaimers

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Manuel

Economic

Central Bank

Summary:

Given that this level is often associated with potential consolidations or corrections, the price may enter a temporary range, creating opportunities for buyers to step in near 0.8800.

BUY USDCHF

EXP

PENDING

0.88000

Entry Price

0.88700

0.84850

0.88344 +0.00156 +0.18%

Pips

PENDING

0.84850

Exit Price

0.88000

Entry Price

0.88700

On Thursday, the Swiss National Bank (SNB) lowered its benchmark interest rate by 25 basis points, bringing it down to 0.25%, as Switzerland's economy continues to grapple with muted inflationary pressures.

“With today’s rate adjustment, the SNB is ensuring that monetary conditions remain appropriate, given the low inflationary pressure and the heightened downside risks to inflation,” the central bank stated.

The SNB reiterated its commitment to closely monitoring economic developments, emphasizing its readiness to adjust policy further if necessary to maintain inflation within the range consistent with price stability over the medium term.

This move was widely expected, with market participants having priced in more than a 70% probability of a quarter-point cut ahead of the announcement. Now, with the adjustment in line with expectations, traders anticipate a pause in further policy moves as the SNB assesses the evolving global economic environment. Chairman Martin Schlegel acknowledged that uncertainties have “significantly increased,” reinforcing the bank’s cautious approach moving forward.

Meanwhile, the Federal Reserve has sharply revised its growth outlook for 2025, citing uncertainty stemming from the Trump administration’s erratic trade policies. The frequent shifts in tariff strategies—often announced and later reversed via social media—have weighed on economic confidence, prompting the Federal Open Market Committee (FOMC) to lower its GDP growth forecast for the end of 2025 to 1.7%, down from 2.1% in December.

Despite this downward revision, the Fed’s latest dot plot suggests that interest rates will remain steady at 3.9% through 2025, aligning with previous forecasts. Additionally, the FOMC has announced plans to slow the pace of balance sheet reduction starting in April.

However, market participants continue to anticipate a rate cut. Interest rate futures now reflect a more than 60% probability of a 25-basis-point reduction in June. Fed Chair Jerome Powell acknowledged that policymakers are closely watching for signs of slowing economic activity and shifts in labor market conditions.

New York Fed President John Williams reinforced the central bank’s cautious stance on Friday, stating that the current monetary policy position remains appropriate given the economic landscape, despite the prevailing uncertainties.

“There is some uncertainty in monetary policy,” Williams noted in prepared remarks for an event in the Bahamas. He emphasized that the Fed’s “moderately restrictive” stance is well-suited for the current environment, given the strength of the labor market and inflation still running slightly above the 2% target.

Williams also underscored that the current policy framework provides the Fed with the flexibility needed to adapt to changing economic conditions while remaining aligned with its dual mandate objectives. USDCHF Finds Strong Support, Will Bulls Take Control?_1

USDCHF Finds Strong Support, Will Bulls Take Control?_1

Technical Analysis

USDCHF has established a strong local bottom around 0.8757, a level that has supported three bullish rebounds in recent sessions. This repeated buying interest suggests that this zone could mark the local low, potentially signaling a trend reversal as buyers regain control. The preferred strategy would be to align with the uptrend by looking for entries on pullbacks.

One key area to watch is 0.8800, which coincides with the 0.50 and 0.618 Fibonacci retracement levels—zones closely monitored by traders seeking buying opportunities after a pullback. If this level holds, it could provide a solid base for the next bullish leg.

Meanwhile, the Relative Strength Index (RSI) recently reached overbought territory, hitting 75 when USDCHF peaked at 0.8842. Given that this level is often associated with potential consolidations or corrections, the price may enter a temporary range, creating opportunities for buyers to step in near 0.8800.

Trading Recommendations

Trading direction: Buy

Entry price: 0.8800

Target price: 0.8870

Stop loss: 0.8485

Validity: Apr 03, 2025 15:00:00

Risk Warnings and Disclaimers

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Manuel

Central Bank

Economic

Summary:

SELL USDCAD

Close Time

CLOSED

1.43500

Entry Price

1.42620

1.44200

1.42710 -0.00031 -0.02%

40.3

Pips

Profit

1.42620

1.43097

Exit Price

1.43500

Entry Price

1.44200

The Federal Reserve has sharply revised its growth projections for 2025, citing increased uncertainty surrounding the Trump administration’s inconsistent trade policies. The frequent shifts in tariff strategies—often announced and retracted via social media—have dampened economic confidence, prompting the Federal Open Market Committee (FOMC) to downgrade its GDP growth forecast for the end of 2025 to 1.7%, down from the 2.1% estimate in December.

Despite this downward revision, the Fed’s latest dot plot indicates that interest rates are expected to remain steady at 3.9% through 2025, aligning closely with previous expectations. Additionally, the FOMC has announced a slowdown in the pace of balance sheet reduction starting in April. However, traders continue to anticipate a rate cut, with interest rate futures now reflecting a more than 60% probability of a 25-basis-point reduction in June. Fed Chair Jerome Powell acknowledged that policymakers are closely monitoring signs of weakening economic activity and labor market conditions.

New York Fed President John Williams reinforced the central bank’s cautious stance on Friday, stating that current monetary policy remains well-positioned given the economic landscape, despite prevailing uncertainties.

“There is some uncertainty in monetary policy,” Williams noted in prepared remarks for an event in the Bahamas. He emphasized that the Fed’s “moderately restrictive” stance is appropriate, considering the strength of the labor market and inflation still running slightly above the 2% target.

Williams also highlighted that the current policy framework provides the Fed with flexibility to adapt to shifting economic conditions, ensuring it remains aligned with the central bank’s dual mandate objectives.

According to the CME FedWatch tool, there is an 83.1% probability that interest rates will remain in the 4.25%-4.50% range at the May meeting. However, expectations for a rate cut in June have risen, with markets now pricing in a 70% chance of lower borrowing costs.

Meanwhile, Bank of Canada (BoC) Governor Tiff Macklem addressed the impact of trade tariffs on inflation and monetary policy during remarks yesterday. He underscored the BoC’s sensitivity to inflationary pressures stemming from trade disputes, noting that February’s hotter-than-expected CPI report had caught policymakers' attention. However, he clarified that the overall policy outlook had not fundamentally shifted.

Market expectations regarding BoC rate moves remained largely unchanged following Macklem’s comments. Swaps continue to price in an 80% probability of a 25-basis-point rate cut in June. Bears Could Take Control From the 100 Period Moving Average_1

Bears Could Take Control From the 100 Period Moving Average_1

Technical Analysis

USDCAD is struggling to break above the 100-period moving average, currently positioned at 1.4379. This level has already triggered two downside rejections, suggesting that selling pressure remains strong. Additionally, a descending trendline appears to be forming, reinforcing the case for a potential bearish move. If bulls fail to push prices above this key resistance, USDCAD could see renewed selling pressure, with the next downside target around 1.4265.

The Relative Strength Index (RSI) briefly touched 61—while not an overbought level, it presents a notable bearish divergence compared to the previous local high. This divergence signals that bullish momentum may be fading, potentially paving the way for sellers to take control from this zone.

A decisive break below 1.4265 could open the door for further losses, with the next key support level near 1.4150. On the other hand, if buyers manage to push through the descending trendline with strong momentum, USDCAD could see a continuation toward new local highs.

Trading Recommendations

Trading direction: Sell

Entry price: 1.4350

Target price: 1.4262

Stop loss: 1.4420

Validity: Apr 03, 2025 15:00:00

Risk Warnings and Disclaimers

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Eva Chen

Economic

Forex

Summary:

Despite the Federal Reserve's indication that the economy will experience a mild slowdown and that inflation and unemployment rates are set to rise this year, these developments are not expected to exert a significant influence on financial markets in the short term. The US Dollar Index (USDX) is still anticipated to return to the 107.00 level, which was witnessed earlier this month.

BUY USDX

EXP

TRADING

103.460

Entry Price

107.100

102.250

103.860 +0.030 +0.03%

0.0

Pips

Flat

102.250

Exit Price

103.460

Entry Price

107.100

Fundamentals

The USDX, which measures the value of the US dollar against a basket of major currencies, has strengthened. Investors remain focused on the Fed's latest policy stance, which has reinforced expectations of two rate cuts in 2025. Despite the central bank's forecast of a slowdown in economic growth, the USDX is still expected to return to the 107.00 level seen earlier this month.

The Fed maintained interest rates at 4.25-4.50% on Wednesday, in line with market expectations. Additionally, the Fed announced a significant shift in its quantitative tightening strategy, stating that it will reduce the balance sheet reduction from $25 billion to $5 billion starting in April.

In its accompanying statement, the Fed acknowledged that recent economic data continue to show "robust" expansion, with "low" unemployment rates and "solid" labor market conditions. At the same time, the Fed noted that inflation remains "somewhat elevated," further indicating the need for cautious policy formulation.

The latest economic projections show no change in the Fed's outlook for rate cuts. The median forecast for the federal funds rate still points to only two rate cuts this year. By the end of 2025, rates are expected to remain at 3.9%. Looking ahead, the Fed still expects rates to be at 3.4% by the end of 2026 and 3.1% by the end of 2027.

The Fed downgraded its GDP growth forecast, reflecting increased concerns about economic headwinds. The US economy is now expected to grow by only 1.7% in 2025, down from the previously forecast 2.1%. The growth forecasts for 2026 and 2027 were also slightly downgraded to 1.8%.

Meanwhile, the core PCE inflation forecast for 2025 was raised from 2.5% to 2.8%, indicating that price pressures may be more persistent than previously expected. However, the core inflation forecasts for 2026 and 2027 remain unchanged at 2.2% and 2.0%, respectively, indicating confidence that inflation will gradually return to the 2% target.

Technical Analysis

The USDX has shown signs of recovery after forming a double bottom pattern on the 4-hour chart, but the upside momentum remains limited in the short term. Although the Relative Strength Index (RSI) is gradually rising, the MACD momentum remains in negative territory. However, bearish pressure is easing.

If bulls push higher, the index will test recent resistance levels at 104.40 and 104.64.

On the downside, 103.21 is the initial support level, and a break below this level would point towards 102.69. Additionally, a bearish crossover of the MA20 and MA100 near 105.00 indicates potential downside risk.

Overall, while the current upside momentum is not clear, the double bottom pattern suggests that the asset has stopped falling. Meanwhile, demand at the sell-off levels is expected to return.

Trading Recommendations

Trading Direction: Buy

Entry Price: 103.80/103.50

Target Price: 107.10

Stop Loss: 102.25

Valid Until: April 05, 2025, 23:55:00

Support: 103.20/102.69/102.30

Resistance: 104.40/104.64/105.45

Risk Warnings and Disclaimers

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Warren Takunda

Economic

Summary:

USD/CHF continues its upward momentum for the third consecutive session, trading near 0.8840 as the Swiss Franc struggles following a widely expected interest rate cut by the Swiss National Bank (SNB).

BUY USDCHF

EXP

PENDING

0.88500

Entry Price

0.89600

0.87850

0.88344 +0.00156 +0.18%

Pips

PENDING

0.87850

Exit Price

0.88500

Entry Price

0.89600

The US Dollar (USD) continued its advance against the Swiss Franc (CHF) on Friday, with the USD/CHF pair climbing for the third consecutive session, trading around 0.8840 during Asian market hours. The move comes as the Swiss Franc remains under pressure following the Swiss National Bank’s (SNB) decision to cut interest rates by 25 basis points (bps) to 0.25% from 0.50% after its latest monetary policy review. The widely anticipated cut marks a shift in Switzerland’s monetary policy, aimed at maintaining economic stability in an environment of subdued inflationary pressures.

Despite the rate cut, the SNB refrained from committing to further monetary easing, stating that lower borrowing costs were necessary to align financial conditions with price stability. While this cautious approach provided some stability to the Swiss Franc, it failed to prevent USD/CHF from continuing its upward trajectory as broader market forces—including geopolitical uncertainty and risk-off sentiment—bolstered demand for the US Dollar.

The USD/CHF pair’s upside may remain somewhat capped, as the Swiss Franc finds support from its traditional safe-haven appeal amid growing geopolitical tensions. However, the greenback remains well-bid against the CHF due to increasing concerns over US economic policy direction and the Federal Reserve’s (Fed) stance on interest rates.

The SNB’s 25-bps rate cut was widely anticipated, given recent signs of economic slowdown and the central bank’s commitment to maintaining price stability. This move follows a prolonged period of cautious monetary policy, during which the SNB had resisted easing despite slowing inflation. The central bank justified the cut by emphasizing the need to adjust monetary conditions in response to weaker economic growth and low inflation.

However, SNB policymakers avoided signaling a firm commitment to further cuts, leaving the door open for adjustments based on future economic data. This approach aligns with the broader trend among global central banks, where policymakers are increasingly focused on balancing economic growth with inflationary risks.

Switzerland’s inflation has remained stable, but concerns about global economic uncertainty and trade tensions continue to weigh on the outlook. While the SNB’s decision was aimed at keeping monetary conditions supportive of economic growth, the central bank’s reluctance to provide a clear forward guidance on future policy moves suggests caution amid an uncertain global environment.

The US Dollar’s continued strength against the Swiss Franc is not just a result of the SNB’s monetary policy shift—it is also supported by broader market dynamics. The greenback has remained firm as risk sentiment deteriorates due to escalating trade tensions and geopolitical uncertainty.

A key driver of recent market concerns is the impact of the US administration’s aggressive tariff policies. President Donald Trump’s decision to impose higher tariffs on key imports, particularly from Europe and China, has heightened fears of a prolonged trade conflict. Federal Reserve Chair Jerome Powell recently downplayed the inflationary effects of these tariffs, calling them temporary. However, he acknowledged the broader uncertainty they introduce into the economic landscape, which has further supported demand for the USD.

Additionally, safe-haven flows into the US Dollar have increased amid renewed tensions in the Middle East and ongoing global economic uncertainty. This dynamic has reinforced the USD/CHF pair’s bullish trend, as investors seek stability in the face of heightened geopolitical risks.

On the economic data front, the latest US labor market figures provided mixed signals about the strength of the economy. Initial Jobless Claims rose to 223,000 for the week ending March 15, slightly below the market estimate of 224,000 but exceeding the previous week’s revised figure of 221,000. While this increase suggests some softness in the labor market, the overall trend remains consistent with a resilient job sector.

Meanwhile, the Philadelphia Fed Manufacturing Survey for March dropped to 12.5 from February’s reading of 18.1, marking a second consecutive monthly decline. However, the figure still came in above expectations of 8.5, suggesting that while manufacturing activity is slowing, it is not contracting at an alarming pace.

These data points reflect a US economy that is navigating uncertainty but remains fundamentally stable. While the Federal Reserve is expected to cut interest rates later this year, the timing of these moves remains uncertain, adding another layer of complexity to market expectations.

Technical Analysis

From a technical perspective, the USD/CHF pair has been forming a potential double-bottom pattern on the 4-hour chart, indicating the possibility of a further upside move. The key resistance level to watch is around 0.8864. A decisive breakout above this level could open the door for a continued rally toward 0.8960, which would mark a significant extension of the current bullish trend.

On the downside, traders are closely monitoring the 0.8820 level, which could serve as a pullback zone for potential buying opportunities. A dip toward this level might attract fresh demand, reinforcing the broader uptrend.

TRADE RECOMMENDATION

SELL USDCHF

ENTRY PRICE: 0.8850

STOP LOSS: 0.8785

TAKE PROFIT: 0.8960

Risk Warnings and Disclaimers

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Warren Takunda

Economic

Summary:

EUR/GBP declined as the Bank of England’s hawkish stance contrasted with the European Central Bank’s more dovish outlook, reinforcing expectations of further downside for the pair

SELL EURGBP

Close Time

CLOSED

0.83700

Entry Price

0.82500

0.84100

0.83392 +0.00050 +0.06%

13.9

Pips

Profit

0.82500

0.83561

Exit Price

0.83700

Entry Price

0.84100

The EUR/GBP currency pair declined on Thursday as investors reacted to the Bank of England’s decision to hold interest rates steady. The move itself was widely anticipated, but markets were more focused on the hawkish vote split among policymakers, which signaled that inflation concerns remain a priority for the central bank. Despite delivering cautious guidance, the BoE’s reluctance to shift towards an easing cycle reinforced the perception that the UK’s monetary policy stance will remain relatively restrictive compared to its global counterparts.

The British pound has shown resilience amid broader market uncertainty, supported by expectations that the BoE will be one of the last major central banks to cut interest rates. This contrasts with the European Central Bank, which has already signaled a willingness to ease policy in response to slowing economic growth. Analysts at Danske Bank believe this divergence will drive EUR/GBP lower over the coming quarters, as a relatively hawkish BoE, combined with tight credit spreads and a positive investment correlation with the U.S. dollar, continues to support the pound.

While the UK economy is expected to see a modest growth boost from fiscal stimulus measures, the impact of this advantage has been somewhat offset by shifting fiscal policies in Germany. This has muted the relative economic outlook between the UK and the Eurozone, although the BoE’s stance remains a key differentiating factor. However, risks remain in the form of renewed debt concerns or a potential change in the BoE’s policy approach. If the central bank unexpectedly pivots toward a more dovish stance, the outlook for the pound could weaken, leading to increased volatility in EUR/GBP.

The BoE’s latest decision underscores its cautious but firm approach to monetary policy. While inflation has cooled from its peak, policymakers remain concerned about lingering price pressures and are reluctant to ease policy too quickly. This measured stance stands in contrast to the ECB’s more accommodative outlook, where officials have signaled readiness to cut rates in response to weakening economic conditions. This policy divergence has been a significant factor driving EUR/GBP lower, as investors position themselves for a prolonged period of pound strength.

Beyond monetary policy, the broader risk environment has also played a role in shaping GBP’s trajectory. A continued positive correlation between the pound and the U.S. dollar suggests that any renewed strength in the greenback could provide indirect support for GBP. If global financial markets favor a risk-on environment led by U.S. economic resilience, the pound could see additional gains, further pressuring the EUR/GBP pair.

Technical Analysis

From a technical perspective, the recent price action in EUR/GBP confirms a bearish outlook, with the pair breaking below a key support level and signaling further downside potential. The resistance zone near 0.84400 had previously served as a supply area where sellers consistently regained control, indicating that buyers were losing strength.

After struggling to maintain bullish momentum, the price broke below a critical support zone, reinforcing the shift in market sentiment from bullish to bearish. The formation of lower highs and lower lows suggests that selling pressure is intensifying. The price is currently retesting the breakdown zone, which may now act as a new resistance level before further declines take hold.

If the bearish momentum persists, the next major support level is around 0.82508, which aligns with a previous consolidation area. A break below this level could lead to further downside in the coming sessions. Traders will be closely watching how the market reacts to this support zone, as a strong rejection could accelerate bearish momentum and push EUR/GBP even lower.

TRADE RECOMMENDATION

SELL EURGBP

ENTRY PRICE: 0.8370

STOP LOSS: 0.8410

TAKE PROFIT: 0.8250

Risk Warnings and Disclaimers

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Warren Takunda

Economic

Summary:

The AUD/USD pair remains under pressure for a second consecutive day, trading around 0.6300 as risk aversion and a stronger US Dollar weigh on the Aussie.

SELL AUDUSD

EXP

TRADING

0.62900

Entry Price

0.61950

0.63400

0.63087 +0.00077 +0.12%

0.0

Pips

Flat

0.61950

Exit Price

0.62900

Entry Price

0.63400

The Australian Dollar (AUD) continued to slide against the US Dollar (USD) on Friday, marking its second consecutive day of declines. During the Asian trading session, AUD/USD hovered around the 0.6300 level as risk sentiment remained fragile. The currency pair is struggling against the backdrop of a strengthening US Dollar, which has been buoyed by safe-haven demand amid escalating trade tensions and global economic uncertainty.

The risk-off sentiment in financial markets has intensified following the latest developments in US tariff policies, which have reignited fears of trade disruptions. Investors have been shifting toward the US Dollar as a safe-haven asset, while US Treasury yields have been declining, reflecting increased demand for government bonds amid mounting concerns over the global economic outlook.

The US Dollar has been gaining traction this week as trade-related concerns take center stage. Investor anxiety has been fueled by US President Donald Trump's push for aggressive tariffs, which has heightened fears of a prolonged trade war that could weigh on global economic growth. The Greenback’s strength has placed additional downward pressure on risk-sensitive currencies like the Australian Dollar, which is particularly vulnerable to shifts in global risk sentiment.

Federal Reserve Chair Jerome Powell addressed these concerns in a speech on Thursday, where he acknowledged that tariffs could contribute to short-term inflationary pressures but insisted that their overall impact would likely be temporary. Powell emphasized that while the Fed is closely monitoring economic risks, recession probabilities remain relatively low at this stage. However, his cautious tone suggests that the central bank remains wary of potential downside risks to the economy.

The release of key US economic data has further shaped market sentiment. Initial jobless claims for the week ending March 15 came in at 223K, slightly missing expectations of 224K and rising from the previous week’s revised figure of 221K. Meanwhile, the Philadelphia Fed Manufacturing Survey for March showed a decline to 12.5 from February’s 18.1, marking the second consecutive monthly drop. Although the decline was not as severe as the expected 8.5, it still signals some loss of momentum in the US manufacturing sector.

The Australian Dollar has been struggling to find support as recent economic data has painted a mixed picture of the domestic economy. The latest employment report from Australia revealed that the unemployment rate remained steady at 4.1% in February. However, a surprise drop in employment figures raised concerns about underlying labor market weakness, prompting traders to reassess the Reserve Bank of Australia's (RBA) monetary policy stance.

The unexpected softness in the jobs report has fueled speculation that the RBA may have more room to ease monetary policy in the coming months. While the central bank recently made a dovish shift by signaling that it could reduce policy restrictiveness if necessary, policymakers have remained cautious about committing to additional rate cuts. RBA Assistant Governor Sarah Hunter reiterated earlier in the week that while the board recognizes potential flexibility in monetary policy, it is not as eager to lower rates as the market anticipates.

Despite these reassurances, markets are increasingly pricing in the possibility of further rate cuts if labor market conditions continue to deteriorate. With the Australian economy facing headwinds from both external factors—such as slowing global trade—and internal challenges related to employment, the AUD remains vulnerable to further downside pressure.

Technical Analysis

From a technical perspective, the AUD/USD pair has broken and closed below an upward channel, signaling the potential for further declines. The price has also fallen beneath a key swap zone where it previously found support, indicating a bearish shift in market structure.

On the daily timeframe, the market appears to be forming a series of lower lows, further confirming bearish dominance. The recent breach of a previous higher low level suggests that sellers remain in control, and unless an external catalyst sparks a reversal, the pair is likely to continue its downtrend.

Key support is now seen around 0.62910, where traders will be closely watching for any potential buying interest. However, if the bearish momentum persists, a deeper decline toward lower support levels could be on the horizon. The upcoming economic calendar, including further US data releases and developments in global trade policy, will be critical in determining whether AUD/USD can stabilize or extend its losses.

TRADE RECOMMENDATION

SELL AUDUSD

ENTRY PRICE: 0.6290

STOP LOSS: 0.6340

TAKE PROFIT: 0.6195

Risk Warnings and Disclaimers

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Short-Term Correction Pressure to Digest Previous Gains

Fundamentals

Technical Analysis

Trading Recommendations

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Risk Disclosure