FX:AUDUSD Australian Dollar/U.S. Dollar
Hi guys, today with the release of the NFP in US we saw a good bounce to the upside, If we continue watching good economic reports in China/US there's a good probability that the Aussie change to the upside in the mid term, however now is a very good point to go long, remember buy cheap and sell expensive; also check my micro wave count. Remember do not risk more than 5% per trade. Regards
Is this the first wave to start an upside move?, what we would expect for the next move an i-ii (i)-(ii) move?, well on Monday(Sunday night) China will release the CPI Forecast:3.0% Previous: 3.2% and the same day the industrial production, now If we base our analisys on the last couple of months (I'm talking about CPI) we can expect a good data pushing up the Aussie making an other (i)-(ii) I mean the first third wave we will see have to come with "direct Australian data" like employment change and it comes in Wendsday; but why expecting a better data than the forecast on China CPI? because in the past 8 years when the CPI have a constant increase like in '06 '09 '10 '11 etc. the data always better on December release and that is consistent with my long view. Howerver the next week data is very important to define the Aussie move side.