Dislikedthe OIS is pretty confident that there will be a rate cut as well with effective yield of 2.565% {image}Ignored
if we don't get it, aud rallies hard. it's the most saturated major currency. even more so then yen shorts.
if we do get it, aud will probably fall slightly more... 8800 to 8700 zone. then rally (correction), then more down.
my extremely good trader buddy who uses $1 stop losses on his gold entries...
he says 15 weeks and AUD will see it's bottom.
he says its possible we see a monthly bull candle before that bottoming out point, otherwise that would be 7 straight bearish months, unprecedented, has never happened before...
Be hopeful in a winning position, and fearful in a losing position.