AUD/USD
After such a deep and incisive correction, the Australian dollar – United States pair now has great potential to change its direction and renew its main rising trend. In the long term, the big difference in interest rates between Australia and the United States – which is constantly getting bigger – can be expected to provide continuous support for the strengthening of the Australian dollar at the expense of the United States dollar.
In the 1.0210 level, there has formed a fractal, which is confirmed by the weekly pivot line, this would be a good entry point to take a bullish position on the long term. Our medium-term goal we can locate just the fractal formed around 1.1000