Keep confidence and patience to Aussie
Although Aussie is very weak after Lowe's dovish tone last week, we still keep optimism to Aussie in Q1 and Q2. Because FED lowers its pace to raise rate and price of iron ore is climbing will support Aussie. Currently, it's supported by the up-trend line.
However, on long term, we agree that Aussie will be bearish in 2019 coz the real estate is likely to to be worse in the latter half of this year.
The target is 0.7185.
Turning point: 0.7105.
Above 0.7105, bullish , target price is 0.7160,then 0.7185.
Under 0.7105, bearish , target price is set at 0.7080, then 0.7060.
Prior Strategy:
However, on long term, we agree that Aussie will be bearish in 2019 coz the real estate is likely to to be worse in the latter half of this year.
The target is 0.7185.
Turning point: 0.7105.
Above 0.7105, bullish , target price is 0.7160,then 0.7185.
Under 0.7105, bearish , target price is set at 0.7080, then 0.7060.
Prior Strategy:
Comment:
Target Reached.