Really..above 9880, i see a pretty much straight away move to 9910... but 9900 may provide a hiccup on the way...
I see what your seeing BD... and I agree. In fact, I think think the strongest factor here is that the RBA reduced rates by a quarter, yet the AUD actually closed up at the end of that U.S. session from the previuos U.S. session.
when bad news like that comes out, yet a market moves up...it says underlying there is a very strong market... that and the record COT outstanding shorts for the AUD/USD is probably my two strongest considerations regarding why I think a continued move up is completely possible... the risk off sentiment coulde stop it.
and we either move up to a new high from 9825-40... or we hit 9750-9700...and move up from there.
2 places...or we an't gonna do it. IMO
and I think we will see a new high before we see a new low... so... i like it. But that being said... I still look for reasons why it may not work as I believe it will... the range resistance around 9880 is one of those reasons. We'll see.
I still don't dare close any more at this point tho
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I see what your seeing BD... and I agree. In fact, I think think the strongest factor here is that the RBA reduced rates by a quarter, yet the AUD actually closed up at the end of that U.S. session from the previuos U.S. session.
when bad news like that comes out, yet a market moves up...it says underlying there is a very strong market... that and the record COT outstanding shorts for the AUD/USD is probably my two strongest considerations regarding why I think a continued move up is completely possible... the risk off sentiment coulde stop it.
and we either move up to a new high from 9825-40... or we hit 9750-9700...and move up from there.
2 places...or we an't gonna do it. IMO
and I think we will see a new high before we see a new low... so... i like it. But that being said... I still look for reasons why it may not work as I believe it will... the range resistance around 9880 is one of those reasons. We'll see.
I still don't dare close any more at this point tho
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