aceofswords
Long

Long The irrepressible AUD/USD From 0.7857 TP 1 At 0.81154

FX:AUDUSD   Australian Dollar/U.S. Dollar
544 1 11
Long The irrepressible AUD/USD             From 0.7857 TP 1 At 0.81154
aceofswords
2 years ago
I think the "market game" for the AU is keep driving it up as high as possible , safe in the knowledge that RBA will eventually cut rates again. Meanwhile there is a fat layer of shorts trapped within the current PA some of whom will been short covering after the surprising upside continuation after the last rate cut failed to drive price dow in any meaningful way. Furthermore, the subsequent stops that were taken out when this failure occurred, also contributed to the rise in price. HOWEVER, poor CPI data from CHINA on Saturday morning , has yet to show its effect, which we will no doubt see during Asia/Asia open
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