Velocity of money has significantly declined over the past 5 years. This puts downward pressure on the economy and Aggregate Demand should be negatively impacted.
AudUsd - Daily time frame. I see a pullback on dollar index so I am expecting USD strength and this pair to drop another swing down.
Price could break TL and continue decline afterall the past 4 months have been horribly bearish. However with a bounce off TL (3rd bounce) would be the catalyst for a bullish climb
Hi, We can see clearly last month fall right now AUDUSD trading on corrective structure for short term and continue another leg downside. Today Aussie session gave some surge in aussie and also other currencies against green backs. I am looking for this is the short term surge, High probability reversal possible on hourly chart.
AUDUSD to retrace towards 0.236 before continuing downward trend.
close below 7850 (twice 4hour) required for green target zone.
Good area of previous resistance, we have had a 0.618 fib and a few failed attempts to break this level. I'm aiming for the 0.7800 level 2:1 rr
A clean break and retest of the TL after market struggled to hold above the .8000 quarter point could see the market move back towards the .7800 lvl
My analysis is that the price already passed my favorite magic fibonacci level in between 61.8% - 50.0 %, It will continue to go short until 0.71471. Furthermore when you take out the trend line it makes a 2 LH and 2 LL which make the setup even more strong for the aussie dollar to go short for next week. be sure to keep an eyes for this pair! Make sure to put...
I have a hard time believing this rally is legit. Dive into the numbers, wages are down debt is up. Still some unfinished business down under. AUDUSD
I have been reentry sell position at 1.01982 and wanting to hold short until 0.99576 . after the market open hoping to gap down below because of the French Election this Sunday.
Sold @ trend line resistance. 75.20 with a 50 point stop 75.70 Target 74.20 Playing dollar strength. DXY -0.04% also at support and looking for interest hike momentum to push dollar up.
aussie/dollar rejecting key level now, possible short trade now or price can go further up to test the (potential) trendline and key level 0.7512
I believe t is ranging, so to "play the game", without fundamentals nearby can mean repetition is on the way to the downside for months waiting time for gain.