Risk off thru most of October, as long as we don't get back above the multi-month trendline, we should break down thru Ichimoku Cloud and hit oversold RSI of 30 over next 5 trading days. SL -- 0.6635 TP1 -- 0.6420 TP2 -- 0.6250
price: 18.80 stop loss: 18.99 tp: 16.00 Can take partial profits a bit sooner, but will update as we progress into May.
Negative deflation factors mean lower commodity prices, risk assets, and Aussie is exposed to housing price collapse, banking sector pin-prick to the bubble, and general recessionary effects coming. Retest of lows expected. Price: 0.6236 Stop: 0.6270 TP1: 0.6100 TP2: 0.5800