InvestMate|AUD/USD Before the launch

🦘AUD/USD Before the launch.

🦘It all started with my last post in which I predicted an upward reaction but didn't think we would go any lower.

🦘Everything would have been beautiful rates were raised as the market expected.

🦘With the market starting to discount a weakening of the dollar followed by a press conference by Jerome Powell spooked the markets with a hawkish tone, which first triggered a sharp wave of dollar weakness, and Powell's words were followed by a speculative attack to strengthen the dollar.

🦘After all the fall, the market started to return to discounting the dollar's downward scenario.

🦘Thanks to this, we scored a really big correction which even provokes to go even higher.

🦘On the horizon is the 10 November inflation reading, which I think will positively surprise investors by giving another reason to slow down interest rate rises.

🦘Looking at the long term perspective measuring 2 waves. One from covid bottom and the other from peak to local bottom.

🦘A really interesting level of 0.236 of the declining wave has appeared on the horizon which falls perfectly at 0.66.

🦘Level really highly likely for the coming week if the uptrend continues....

🦘I would also like to point out that we finally broke out of the 0.618 level of the wave from covid bottom to peak.
on which we repeatedly rocked up and down

🦘Can we say that the path to patterns remains open?

🦘I hope so.

🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀

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Beautiful day

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Lets go baby