Although the employment data released today morning is outstanding, WESTPAC still forecasts RBA will cut the rate in this August and November. It makes Aussie dropped over 60 pips after the data. Aussie is still weak in G10 currencies. It has strong support at 1.5820, it's likely to rise after forming the 3rd triangle.
The target is 1.5930.
Turning point: 1.5820.
Above 1.5820, bullish , target price is 1.5900,then 1.5930.
Under 1.5820, bearish , target price is 1.5785, then 1.5750.
Even if we can't rule out the possibility of continuous adjustment, its time should be limited.
The target is 1.5930.
Turning point: 1.5820.
Above 1.5820, bullish , target price is 1.5900,then 1.5930.
Under 1.5820, bearish , target price is 1.5785, then 1.5750.
Even if we can't rule out the possibility of continuous adjustment, its time should be limited.
Comment:
The influence of WESTPAC's report is huge and creepy.
Comment:
Fortunately, the target is reached.