Open Sell order on AUDUSD 0.7149 SL - 0.7175 TP - 0.7057 RRR - 1:3.54 Lets see how work angle level :)
Price has broken an ascending trend line and is currently retesting from the other side. Go short here if price holds resistance below the trend line.
AUDUSD sell at 0.7089 SL at 0.7180 TP at 0.6738 RRR is 1:3.83 Such order as NZDUSD
Hello Traders, Watch for another trend continuation to sell. If the price keeps pushing up correctively, I will sell as much high as possible. But be careful with NZD and AUD, the impulse that we saw on DXY were not so strong against these two currencies. Good Luck! Cheers, Jonas
On the 4hr chart we see abearish bat has formed. I am expecting price to drop from this point. Potential D leg retest so keep your stops on the .7600 area, if it meets your rules of entry then this will be a great trade. success
Fundamental Opportunity With the RBA meeting minutes coming out next week and the recent data from the USA I am expecting this currency pair to head back down to recent support levels. The RBA kept rates on hold in the last meeting but I expect them to leave the door open to further rate cuts and the December rate hike for the US is still on the table giving us...
AM 2:30GMT Ausssie Inflation prints are released these are key for determining their August Policy Decision 1. IMO a 1.0%yoy CPI print shows a further 0.3% contraction in their yearly CPI, this should be sufficient to push the RBA to cutting their OCR by 25bps, similarly a 0.3%qoq CPI will be needed in conjunction to show that inflation is growing at a slow...
On the margin RBA remained in line with previous meetings, adding little but still keeping it on the dovish side imo. Once again, as in previous minutes (and from several other central banks) RBA continued to communicate the necessity of "watching key data" to drive future policy decisions. Interestingly though, they also mentioned the negative impact of a strong...
IMO FOMC George was largely bullish/ Hawkish $ on the margin; surprisingly coming out and stating for one of the first times that "Fed rates are too low" and "Not Raising Rates in June Was Due to Timing Issues" - these two statements imo hint that a hike coUuld be on the cards earlier than perhaps was expected (Dec), in-light of his opinion of them being too low...
Short AUDUSD is in my top 3 FX Trades for several reasons: 1. AUD is considered a riskier G10 currency cross, so AUD trades weaker in risk-off markets, or when equities/ SPX trade lower (you can see the high correlation with SPX at the bottom of the graph). - With Brexit concurring last week, global risk has increased, this is especially the case for AUD due to...