AUD Breaking Higher For The European Close !!
Here we can keep things very simple and trade the breakup as soft stops are triggered. On the US side, Inflation flopping in the US will make a 25bp cut later this month from FED a done deal.
From the Telegram:
"Otherwise Inline/undershoots will trigger continuation of the elegant recovery we are witnessing in AUD$ and NZD$."
The next level in play at 0.6825 followed by 0.6875 as the initial swing extension. To the downside we can keep things simple with stops below the
monthly and weekly open. The risk to my thesis is that the break is not followed through and denied .
For the Macro flows we will not be covering that again here, we have the long term chart to comfortably lean on:
Best of luck all those in AUD$
From the Telegram:
"Otherwise Inline/undershoots will trigger continuation of the elegant recovery we are witnessing in AUD$ and NZD$."
The next level in play at 0.6825 followed by 0.6875 as the initial swing extension. To the downside we can keep things simple with stops below the
monthly and weekly open. The risk to my thesis is that the break is not followed through and denied .
For the Macro flows we will not be covering that again here, we have the long term chart to comfortably lean on:
Best of luck all those in AUD$
Trade active:
Filled here
Comment:
AUD$ running into sellers at 0.680x however I still expect a push higher following the weekend handshake. I will look to take profits in this swing at 0.6850/75 area this week.
Comment:
Comment:
A quick update here with the latest Dollar chart...
