Simply too irresistible not to start selling in ......
Okay so thanks to the Rising commodity prices and good Chinese data yesterday
www.forexlive.com/ne...fits-191-yy-20170727
this has surged and we had an embarrassing display of jawboning which failed . The USD is getting punished right now with the DXY hunters out for blood , All of this points to some more upside potential here , but I personally am at a level of starting to Sell in slowly..... to get a better average overall and not miss the move down eventually .
Reasons are this :
Aussie $ is feeding of the Chinese news, but don't forget the RBA meet next week and will not tolerate a higher AUD and I'm sure they will re-iterate there stance more intently about their worry for Wage growth in the labour MKT along with their Housing market .
The MKT will suddenly get reminded of this and think , oh yes they got a point and down we go .
Happy trading people
Selling short @ 80.50
Stop @ 82.30
TP levels will post later but first will be around the 0.786 fib level first @ 0.79 levels
Happy trading ........
www.forexlive.com/ne...fits-191-yy-20170727
this has surged and we had an embarrassing display of jawboning which failed . The USD is getting punished right now with the DXY hunters out for blood , All of this points to some more upside potential here , but I personally am at a level of starting to Sell in slowly..... to get a better average overall and not miss the move down eventually .
Reasons are this :
Aussie $ is feeding of the Chinese news, but don't forget the RBA meet next week and will not tolerate a higher AUD and I'm sure they will re-iterate there stance more intently about their worry for Wage growth in the labour MKT along with their Housing market .
The MKT will suddenly get reminded of this and think , oh yes they got a point and down we go .
Happy trading people
Selling short @ 80.50
Stop @ 82.30
TP levels will post later but first will be around the 0.786 fib level first @ 0.79 levels
Happy trading ........