AlexC
Long

Descending wedge

FX:AUDUSD   Australian Dollar/U.S. Dollar
144 3 3
This morning RBA hold interest rate.
That would mean major banks rate increase is as good as RBA raising rates itself.
The upward price movement post RBA announcement seems to complete a descending wedge .
A possible upward breakout.
Comment: MNI: **CHINA OCT EXPORTS -3.6% Y/Y VS MEDIAN -3.7% Y/Y CHINA OCT IMPORTS -16.0% Y/Y VS MNI MEDIAN -15.8% Y/Y CHINA CUSTOMS GIVES EXPORT/IMPORT NUMBERS IN YUAN TERMS (news on 8/11). Looks like a gradual improvement of export from China. Will keep close on price movement of iron ore.
Trade active: Going SHORT after recent bounce from AUD job report.
Trade closed manually
Possible triple bottom building up. Time will tell.
Reply
AlexC AlexC
snapshot
Reply
snapshot


Trade with care. RSI oversold in monthly chart, neutral on Weekly chart. Has commodity prices bottomed?
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out