hi all!
apart from the rate hike chances for today, not high in my opinion, the key here is probably gold.
China will reopen on Friday, and will likely give more support to the trend as she has been doing in the last weeks
that said, today I would sell any upward spike above 0,88
I am currently short from 0,8760 and think that a bigger drop we may see it before the end of the week without making new highs, unless RBA increases.
long term the trend is still up and solid, and I think AUD will break 0,90 during year end or early next year, possibly helped by speculation, rate hike on November or Dicember and typical year end low volumes.
The first part of November could instead give way to a correction towards 0,81 -82 at least, as I still believe USD tone is too weak to be substainable without a consistant bounce
apart from the rate hike chances for today, not high in my opinion, the key here is probably gold.
China will reopen on Friday, and will likely give more support to the trend as she has been doing in the last weeks
that said, today I would sell any upward spike above 0,88
I am currently short from 0,8760 and think that a bigger drop we may see it before the end of the week without making new highs, unless RBA increases.
long term the trend is still up and solid, and I think AUD will break 0,90 during year end or early next year, possibly helped by speculation, rate hike on November or Dicember and typical year end low volumes.
The first part of November could instead give way to a correction towards 0,81 -82 at least, as I still believe USD tone is too weak to be substainable without a consistant bounce