Last time we looked at AU i was looking at the pullback in price, we got that and have since had a push upwards. But currently we are seeing a bullish daily candle back down to the support. i think USD will weaken in the near future, but we also need to be careful of the M formation that could possibly be forming. If price holds at this support i will be placing buys. GLIYF
lookin good. something tells me you've done something like this before once or twice, lol. what's across the bottom of the chart that looks like a jagged RSI? were most of those ovals preplaced before price hit 'em? cheers
And why would you think USD would weaken? I would definitely take the other side of this bet near term.
Respect, your long aud positioning paid off, I was wrong. I am looking for almost two weeks for further us dollar strengthening for fundamental reasons and hence I hardly put on any trades.
quite a strong down momentum since today Asian session. other currencies like gbp has similar pattern. it might be triggered by index futures hangseng
It is triggered by a risk off mood which originated by an IMF report that the economic cost are much higher than priced in by markets. Simple as that. Yen and USD bought, all other currencies sold, equities down, bond yields lower. Has nothing to do with HSI or specific currencies. I am long Usdcad in size since 1.3917 during the Asian session. I waited for this for 2 weeks and I am already up 130 pips as we speak