AUSSIE BOUNCES LIKE A KANGAROO AFTER SMASHING EMPLOYMENT DATA !!
Well what a nice surprise ,+ 60.9k vs +20k expected ...........
So here we see the AUD rebound off the 0.5 fib retracement line, and note that the 0.7500 handle has once again proved strong support for the buyers to grab a bargain.
We are long term Neutral the Aussie, however short term with the impressive figures posted, and Trump's verbal antics at the moment there is unrest in the USD so for this reason ,We will be getting in @ MKT before UK and US Mkt's open up and digest the good news, expect this to tick higher gently back towards the
0.77-0.7750 zones again .
Entry @ MKT
TP1 @ 0.7650 the 0.618 Fib line
TP2 @ 0.77
Happy trading guys !!!!!!
Lets get some pips ............
So here we see the AUD rebound off the 0.5 fib retracement line, and note that the 0.7500 handle has once again proved strong support for the buyers to grab a bargain.
We are long term Neutral the Aussie, however short term with the impressive figures posted, and Trump's verbal antics at the moment there is unrest in the USD so for this reason ,We will be getting in @ MKT before UK and US Mkt's open up and digest the good news, expect this to tick higher gently back towards the
0.77-0.7750 zones again .
Entry @ MKT
TP1 @ 0.7650 the 0.618 Fib line
TP2 @ 0.77
Happy trading guys !!!!!!
Lets get some pips ............
Order cancelled:
Okay for now we have decided to step aside for a few reasons :
1.We have failed to breach the 0.76 levels with good data out last week
2. AUD is now feeling the pain of the commodity prices due to china slowing and even with positive data to help it , its failing, so its safer to move out the way as were not in the business of giving too much back to the mkt .
3. Te RBA minutes were out last night and its not been upbeat towards the labour MKT so expect this to tick lower today .
In @ 0.7880
Out @ 0.7857
No harm done
Stay tuned !!!!
1.We have failed to breach the 0.76 levels with good data out last week
2. AUD is now feeling the pain of the commodity prices due to china slowing and even with positive data to help it , its failing, so its safer to move out the way as were not in the business of giving too much back to the mkt .
3. Te RBA minutes were out last night and its not been upbeat towards the labour MKT so expect this to tick lower today .
In @ 0.7880
Out @ 0.7857
No harm done
Stay tuned !!!!