Aussie: The pair we must watch next week. RBA meeting.
I want to talk about Aussie : The key pair must watch next week.
We had soft Aus CPI on last Tuesday.
And next week is RBA Meeting.
So the call for rate cut is increasing.
We know that RBNZ didn't cut rate because NZ CPI were better than expect, so if Aus CPI were bad, likely RBA could take action or at least send more and more dovish tone.
No matter what happen, Aussie should be trade lower.
Look at on the chart, I draw a long term ascending trend line on the chart, and that's a key trend line , any break will send a significant signal for downtrend.
And Aussie also stands on Kumo cloud: A signal we should not ignore.
Here my point: A sell through out 0.7570 could happen next week.
I need more clues to talk about rate cut, but I think we should weight on Aussie
-----If you like my analysis, visit my page: goo.gl/bPJqQ5
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- Trackingforexsignals - Think the right way
We had soft Aus CPI on last Tuesday.
And next week is RBA Meeting.
So the call for rate cut is increasing.
We know that RBNZ didn't cut rate because NZ CPI were better than expect, so if Aus CPI were bad, likely RBA could take action or at least send more and more dovish tone.
No matter what happen, Aussie should be trade lower.
Look at on the chart, I draw a long term ascending trend line on the chart, and that's a key trend line , any break will send a significant signal for downtrend.
And Aussie also stands on Kumo cloud: A signal we should not ignore.
Here my point: A sell through out 0.7570 could happen next week.
I need more clues to talk about rate cut, but I think we should weight on Aussie
-----If you like my analysis, visit my page: goo.gl/bPJqQ5
And my website :http://www.trackingforexsignals.com/
Free 1 month. You like, You subscribe.
More than 100 signal providers and +200 positions in Trading System. Track the best signals. No site has such feature around the world. Precise and Profitable.
- Trackingforexsignals - Think the right way