hi mate, you think the bear will chase this little to parity?
thanks
Ignored
if this channel is correct.im looking for correction to lower channel if all demand level are cleared.9699 support level is the key point for bull/bear.
I think unchanged is the consensus for the RBA. Looks like the chart may already have priced this in. Believe a downward correction before resuming uptrend is the order of the day. Personally would be looking to buy a dip at 1.0340 with a view to back to 1.04.
Very bad trade number. Those hoping that the RBA will raise rates are kidding themselves. Its only a matter of time before 1.03 will all be but forgotten. Interest rates are more than likely to be lowered not raised.
Buying interest at 1.0300-10 once filled. then see a decline towards 1.00 again
Very bad trade number. Those hoping that the RBA will raise rates are kidding themselves. Its only a matter of time before 1.03 will all be but forgotten. Interest rates are more than likely to be lowered not raised.
Buying interest at 1.0300-10 once filled. then see a decline towards 1.00 again
Ignored
Have to agree, more chance of Interest drop then a rise. Good call
Very bad trade number. Those hoping that the RBA will raise rates are kidding themselves. Its only a matter of time before 1.03 will all be but forgotten. Interest rates are more than likely to be lowered not raised.
Buying interest at 1.0300-10 once filled. then see a decline towards 1.00 again
Ignored
Interest rates won't get moved anywhere. Surprised about GDP negative with a AU dollar over parity?
I reckon some smart folks out there realized that there was never a better opportunity to spend and invest into their business or household with imported goods at discount prices. Always can sell it at inflated prices to locals happy paying double.
So lets watch all the weak stops to be taken out when Glen Stevens opens hes jaws to resume the trend later, thats the Teflon.
FWIW I don't ordinarily trade the 'news' but when I do (as in this case) I scale down the position size to take into account the extra volatility that is expected.
This trade has a positive (historical) expected outcome. This individual trade may be a winner or a loser but if I keep trading with a perceived edge then that Sunshine Coast (Queensland, Australia) home will happen a lot sooner.
Price found support on the supply channel (1hr tf). 3 hours ago, the 30pip-spread down bar could only give birth to an 11pip spread bar with 9 out of the 11pips being 'hair' or shadow. If like truly begets like then something obviously went wrong here. Next 1hr bar ended as a 7pip spread doji. Degree one swing low formed already. I suggest a long @ 1.0326 and 1.0309 (if price spikes and gets there). TP1 1.0388 and TP2 1.0413 SL 1.0272 Trade duration: 24hours. Happy trading! Meshach
