As you can see there is a possible triangle formation on the AUD/USD
Any move outside this formation will be fast and furious. What do you think?
Any move outside this formation will be fast and furious. What do you think?
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DislikedAs you can see there is a possible triangle formation on the AUD/USD
Any move outside this formation will be fast and furious. What do you think?Ignored
DislikedIndeed, it looks like traders have priced in the entire rate cutting cycle by the RBA through next year. Oil prices have also stabilized.
The interest earned on this pair is also really good.Ignored
DislikedAUDUSD has hardly moved when eurusd ran just earlier. As soon as eurusd came down, it quickly turned on its tail. Any explanation why Aussie is so weak lately? Because people are uneasy about the rate cuts? So the prices won't really move any till after Sept. 2?Ignored
DislikedIts weak due to speculation. today it is up because of oil prices going up. Also I don't think this pair has any correlation with eur/usd. The probabliity of it moving up are really high at the moment.IMOIgnored