is that a sell sign or should we expect it go higher before dropping?
+2 Reply
Great idea on AUDUSD, glad that we have similar bearish bias. Please take a look at our idea and let us know what you think

Nice - However I think the AUD fundamentals do not support a rally back to your buy target, I do think the AUD will depreciate against the USD though maybe short now with a stop just above the broken neck line ?

What are your thoughts?
+6 Reply
DatTong Pencil34
@Pencil34, I don't have Buy target. It's a short sell level.
+1 Reply
Pencil34 DatTong
@DatTong, Sorry I meant up to your sell target - I just think that with the Ause housing market showing signs of weakness ie. less auction clearance rates the decreasing house prices, combined with the Hane report that cracked down banking lending + other factors.

The Ause governments options are limited - interest rate cuts and a doveish reserve bank = the AUD should continue to fall.

I think we should be selling on any rally we get - However this would be a medium term trade 6+ months.

Combine the technicals with some fundamental analysis and you should be ok.

It would be interesting to see what other people think ?
Glendooie Pencil34
@Pencil34, I think Aus will leave interest rates as they are, but what do I know; I’m in NZ. I will be backing ARB leaving interest rates as they are.
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