FX:AUDUSD   Australian Dollar/U.S. Dollar
157 1 0
- Scenario 1:
- PPI shows the economy is slowing
- This seems likely given the disappointing Chinese data that has been coming out lately
- Would cause a drop to the 1.015-1.017 range

Scenario 2:
- PPI surprises to the upside
- Still capped in the 1.03-1.035 range due to USD strength and bad Chinese data

- Personally, I'm risking 1.03 with 1.015 in sight. It has the highest risk/reward ratio, and I see it as most likely given a variety of economic data out of AUD and CNY             .
HughGRection
3 years ago
Also, if data is disappointing, the decline will likely accelerate due to expectations of a RBA rate cut on May 7th. The market already appears to be pricing in a good probability of this.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out