AUD/USD

went long, target 0.76

stop below 0.753

The pair opens the week with a bullish gap and continues to push higher, it's testing the immediate resistance level.

plan adding position(s) to short at logic level

http://www.news.com.au/finance/econo...3d358d2e1e90af

Recession ?

Well the property market in Australia is somewhat a good indication as that's when Australia had its last one.

It was created by the treasurer himself Mr. Paul Keating. claiming "it was a recession we had to have " LOL

So basically he took credit for engineering it . So proud LOL.

Mortgage Interest rates back then in 1991 were around 16% and people were borrowed to the gunnels .


Today is no different as house prices have soared and people have again borrowed to the gunnels and struggling to maintain a living.
some have been living off the equity redraw facility.
If that dries up which banks are starting to clamp down on, you can expect a slow down.

Across the ditch in NZ it was stated today 30,000 who have an income of $100k are struggling with their finances.

Keep the focus on the property market as this is a real indication of whats happening locally.

it should go there at 0.74854 (high prob.)

some got stopped, but trend still intact

went long again

stop below 0.752

target 0.76 and 0.765

might get some resistance around 0.758

the H&S pattern that we saw before 1 week is targeting 0.7700 to 0.7730 may be we should aim for it ?

and in the big picture I target honestly above 7800 as I expect USD to stay weak in the next 2 months

They may break 0.76 this time IMO

what you guys thinking ??

up.

Putting on a long now for while I sleep, news at 3:30am.

http://www.abc.net.au/news/2018-06-0...z-accc/9823982

Oh dear ... Another banking fraud story in Australia .. If the regulator doesn't throw the book at these banks I will be very surprised otherwise its pointless having one .

That most of the banks all over the world are always involved in something obscure and dodgy it's not new, but my red alert turns on when journalists carefully choose words like "alleged" to describe any sort of news.

The academic world of engineering taught me that if it's not possible to verify a source of information with proven facts, names and bibliography cross-checking, it's highly likely having some political, economic or revengeful interest involved.

After reading this article, regardless the result, how many people will think that "ANZ was definitelly involved in a 2.5B scandall"?
That's exactly what they want.
Reading/listening/watching this sort of news our entire lives since we're born, how much of "free will" do you think we actually have?
Think about it.

Bullish trend continues after better than expected retail sales data, bullish acceleration might be expected if the pair break above resistance zone 0.7660/70.

sell eu little bit on higher side

I am expecting a fall after reaching 0.7660

It reached 0.7660 15 hours ago, and it is falling. You're describing something that has already happened. Do you think this will get to 0.7660 again?

I definitely agree with redalert. After hitting 0.7660, it should fall rapidly as it is a strong resistant area with multiply time zone Trend Resistant. Also, I checked the ratio where 91% is Short and only 9% is Long. Also it is below 50 MA and 200 MA and there is no question on if anyone should go long here.