$AUDUSD Short - China a problem still and Pending Rate cut

FX:AUDUSD   Australian Dollar / U.S. Dollar
187 6 3
People's Bank of China injects 50b yuan = Weakness in china to continue for medium term


Dalian iron ore is limit down
Chinese rebar futures limit down (and to a record low)

It will be more likely now that we see a Rate cut from RBA in November... if we don't see anything from Fed soon.

Talking China...we might see a rebound next week.
+1 Reply
IvanLabrie workingtraders
Great run ;)
Nice, looks perfect.

IvanLabrie IvanLabrie
Market sold now, 0.5% risk.
Thanks for sharing this timely entry.
+1 Reply
moorekapital IvanLabrie
Interesting! I Saw Similar Target Earlier Today
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