Aussie back within range - US GDP to have final say | Forex Factory

  • Aussie back within range - US GDP to have final say

    From thinkforex.com

    The Aussie goes into tonight's 'Nylon' session firmly on the back foot where US GDP gets the final say for the week. Wednesday's 4-week high required three data sets to break it above 0.748 resistance. The fact it toppled over on the back of US inflation data last night to crash below 0.748 and within the previous range should act as start reminder of who is in control of the Aussie at present. Closing the session with a Bearish Engulfing Candle and back within range it starts today’s session on the back foot. The intraday price action clings onto a mildly bullish channel but I expect that if we do see any bullish ... (full story)

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AnniLi
Feb 27, 2015 1:28am
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I would buy at 74 (AUD/USD) but might see Hayley's comet first. Bottom after the GFC was really 70 and USA in worse state now than then vs Australia.

RBA is the key but only because traders are myopic or impatient. Looking for big bounce in AUD next week whatever. Sellers today playing the buyers-on-the-side game. They'll also be buying next week.

Play AUD thru CHF still the call. If you're picking global recession now forget the above.
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adamcox
Feb 27, 2015 3:11am
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The above is the dumbest advice I have seen for a long time.
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adamcox
Feb 27, 2015 3:12am
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Quoting adamcox
The above is the dumbest advice I have seen for a long time.
Stupid
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Forexpcb
Feb 27, 2015 12:41am
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poorly written with numerous price errors. Shameful.
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