Trying to draw comparisons between the US Dollar and the Aussie Dollar isn't easy right now.
Aussie Dollar could be in the beginning of an unconfirmed third Wave and the US Dollar could be setting up for one.
Now that we have narrowed down the view to that, there is also the strength factor.
Aussie dollar is still above its last low whilst the US Dollar has made a new high.
This non confirmation ahead of the Non-Farm Employment Change data could be of significance.
I supposed we will find out shortly.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Aussie Dollar could be in the beginning of an unconfirmed third Wave and the US Dollar could be setting up for one.
Now that we have narrowed down the view to that, there is also the strength factor.
Aussie dollar is still above its last low whilst the US Dollar has made a new high.
This non confirmation ahead of the Non-Farm Employment Change data could be of significance.
I supposed we will find out shortly.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
