Took long at 0.6886 target 6920
Forex Learner
- #105,127
- Edited 8:52pm May 23, 2019 6:32pm | Edited 8:52pm
- Joined Aug 2005 | Status: 888 | 1,053 Posts
UK and US failed to sell through 6865 - I thought they were going to succeed, to be honest, but lucky/nice bounce up and aussie lives another day, sitting on 6900, baby!
seems to be thin volume up here so unless we get a push to 6930 today I think it will head to the bidders at 6880 ... waiting then for news the middle of next week, and *drum roll* ... rate cut!
seems to be thin volume up here so unless we get a push to 6930 today I think it will head to the bidders at 6880 ... waiting then for news the middle of next week, and *drum roll* ... rate cut!
grist for the mill
- #105,129
- May 23, 2019 7:16pm May 23, 2019 7:16pm
- Joined Aug 2005 | Status: 888 | 1,053 Posts
grist for the mill
- #105,133
- Edited May 24, 2019 1:45am May 23, 2019 10:11pm | Edited May 24, 2019 1:45am
- Joined Aug 2005 | Status: 888 | 1,053 Posts
{quote} . . . . AUD/USD drops sharply to 0.6885 amid increased RBA rate cut talks AUD/USD has come under pressure this Friday morning in Asia, possibly due to Westpac revising its forecast for RBA rate cuts in 2019 from 2 to 3. As of now, the markets are fully priced in for two rate cuts. With Westpac predicting a third rate cut, the AUD may have a hard time cheering potential risk reset in the financial markets.
15 min charts .. AD hits day pivots..So wot the FK caused that?????? excuse my ignorance {image} {image}
was hoping we'd have to wait for UK to push us to 6880 so should be interesting to see where they try push it given the end of the week and this supposed 3 rate cuts.
it could be fake news...
bankers are like developers, never trust them!******
Oandas retail order book has decent buying down to 6850/30 and the sell orders are stacked up above 6950 to 7150.. so if 'They' are looking to run orders I would guess a push to 6830ish and then a long run up into the sell orders might be on the cards??... so my rough plan is to try snag some buys on another push low into the rate news. I haven't looked at PA and a retail order book much before so will see what happens.
****
buyers at 6880 and UK isn't even open, Aud is alive and kicking!
grist for the mill
- #105,136
- May 24, 2019 6:57am May 24, 2019 6:57am
- Joined Apr 2019 | Status: Trader | 5,796 Posts
Don't trade what you think. Just what you see!!!
- #105,138
- May 24, 2019 7:30am May 24, 2019 7:30am
- Joined Apr 2019 | Status: Trader | 5,796 Posts
Don't trade what you think. Just what you see!!!
- #105,140
- Edited 11:33pm May 24, 2019 8:47am | Edited 11:33pm
- Joined Aug 2005 | Status: 888 | 1,053 Posts
seems to be thin volume up here so unless we get a push to 6930 today I think it will head to the bidders at 6880 ... waiting then for news the middle of next week, and *drum roll* ... rate cut!
+ more pitchforks on a failure of the hot-spot
have a good weekend, chat-robots!
grist for the mill