Fundamentals:- The data coming from Australia has been steadily improving and although we have a rate hike coming from the USD in December I would say that is all but priced in. It is time for the Aussie to start pulling back some of those losses over the last 18 months. We have the employment figures due out on Thursday which should give us a pull back and a better price to buy.
Technicals:- the 50% fib retracement from the latest up move is an ideal buy price, we will be looking for rejection candlestick patterns to confirm the buy.
Technicals:- the 50% fib retracement from the latest up move is an ideal buy price, we will be looking for rejection candlestick patterns to confirm the buy.