Hi guys
Looks like we are still realizing small consolidation ranges in the USD based pairs across the board. Most of my attention has been on AJ as the BOJ Oct 30th stimulus continues to be priced in further weakening the yen across the board.
In regards to AU the 1.0294/1.0304 area held on the first test as expected. The major trigger area which must break topside to have another peek at 1.04 continues to be the 1.0351/1.0360.. Minor support from the 314/319 is crucial and should open up either number top or bottom
I am currently looking to buy any dips until the 1.0283 is broken and closed under. Good luck guys. CPI news at the asian open tomorrow may temporarily break the range. Earning reports continue to drive sentiment and AAPLs reports thursday should be another mover to watch.
Wulf
Looks like we are still realizing small consolidation ranges in the USD based pairs across the board. Most of my attention has been on AJ as the BOJ Oct 30th stimulus continues to be priced in further weakening the yen across the board.
In regards to AU the 1.0294/1.0304 area held on the first test as expected. The major trigger area which must break topside to have another peek at 1.04 continues to be the 1.0351/1.0360.. Minor support from the 314/319 is crucial and should open up either number top or bottom
I am currently looking to buy any dips until the 1.0283 is broken and closed under. Good luck guys. CPI news at the asian open tomorrow may temporarily break the range. Earning reports continue to drive sentiment and AAPLs reports thursday should be another mover to watch.
Wulf