AUD/USD demonstrating relative strength [Video]
|In this TradeGateHub Live Trading session, the AUD/USD is showing relative strength, holding onto its gains despite initial dollar weakness sparked by inflation data. The Australian dollar maintains a viable objective around the 0.6650 level, supported by a key level at 0.6540. Coach also initiated a short position on the S&P 500 (SPX) as part of a Turnaround Tuesday trade setup. Additionally, Dale highlights that silver has completed a Wave 5 move, closing back within the megaphone pattern, signaling a potential technical shift.
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