up. I wish I was smart enough to have thought this one up. Sadly, I was enlightened by Armstrong economics.
The AUD is going to fall even further 
.
This has nothing to with patterns on chart but more for reasons.
1) In November there is a strong chance of another rate reduction in Australia. This means the dollar will fall even further as the new lower rate will hit another historically low.
2) Chance of a rate raise in US will hurt the AUD even further.
3) im in OZ but for any one who has not heard is that FORD has just closed down and built there last car in Australia. Unemployment rate will raise and there is a good chance of other industries to fall due to Ford closing down.
.This has nothing to with patterns on chart but more for reasons.
1) In November there is a strong chance of another rate reduction in Australia. This means the dollar will fall even further as the new lower rate will hit another historically low.
2) Chance of a rate raise in US will hurt the AUD even further.
3) im in OZ but for any one who has not heard is that FORD has just closed down and built there last car in Australia. Unemployment rate will raise and there is a good chance of other industries to fall due to Ford closing down.
The AUD is going to fall even further. This has nothing to with patterns on chart but more for reasons. 1) In November there is a strong chance of another rate reduction in Australia. This means the dollar will fall even further as the new lower rate will hit another historically low. 2) Chance of a rate raise in US will hurt the AUD even further. 3) im in OZ but for any one who has not heard is that FORD has just closed down and built there last car in Australia. Unemployment rate will raise and there is a good chance of...
above suggests your point 1 is incorrect
Hope for the best, prepare for the worst.
- #99,086
- Oct 9, 2016 6:14am Oct 9, 2016 6:14am
- | Commercial User | Joined Jan 2015 | 1,352 Posts
{quote} I would have thought USD would go up across the board in the event of a US v Russia war. Any ideas why it has gone first in GBP and you seem to think AUD would be next?
Wont be a crash like the pound, but now gradual decline back to under .74 . If Trump gets in AUD will continue to fall as his policies are not China friendly and will effect Chinese demand for Aussie materials.
Mentioned by jpcashflow, Ford closed up last week, next year Toyota and holden gone as well as multiple other smaller industries that manufacture parts.
Hospitals are running at losses and looking at ways to cut costs. News out , newly graduated nurses and doctors cant get employed as hospitals do not have funds to put on new staff.
20 Pips a day keeps centerlink away
- #99,094
- Oct 11, 2016 5:31am Oct 11, 2016 5:31am
- | Membership Revoked | Joined Sep 2016 | 1,511 Posts
Hi guys, have look at my intraday trading levels for AUD/USD. They are based mostly on volumes made by big players and price action. I also make levels for other fx pairs. Have look at my table. If you want you can join my thread here on forex factory.
Happy trading
Happy trading
