The Aussie has seen an impressive short-covering rally over the last couple of weeks, where large speculators were had their most bearish net-exposure since September. Another ‘surprise’ RBA hike (to some…), calls for a Fed pause, stimulus from China and higher have helped it recoup losses sustained since the May high. And our attention now shifts to the FOMC...
I wrote quite a bit about overall trade war sentiment here and in general I still do think that in spite of the influence officials may have on this pair it still may react negatively to trade war sentiment, but probably much more on potential capital flows if tariffs are put back into place.
But the easier way to find a relationship between trade war sentiment...
Buy Limits at the house. Stop loss below yellow box (stop hunt).
PEOPLE WE HAVE TO REALIZE THAT WE REACH POINTS IN OUR LIFE WHEN WE SAY WE ARE COMFORTABLE (hONEY ImMmm HOMEE!) ONLy To RealziE THAT WE NEED TO BREAK OUT But you know what happens?! We run out of steam because we didnt PUSH IT TO THE LIMITS > So we retrace ONLY TO FIND NEW STEAM > ENOUGH TO BREAK OUT...
