More twists than an Agatha Christie novel. I’m happy to play along and follow the plot
Plenty of decent trades off the hourly charts had me swinging positions last week. The most recent being a short trade late on Friday from another touch at the top of the channel .
I’m planning on playing it intraday for now without getting too loved up in any particular direction. I think this is the sensible approach with the USD in a downtrend. There is always the chance I could pick a bigger top using this kind of strategy, yet I’m content to block the larger glory trade out of my mind and trade what I see rather than take a larger view.
A link to my last Aussie post here. Fridays latest swing to the short-side highlighted in the chart below.
AUDUSD 1 Hour Friday
The live chart below showing the turn from the Friday highs.
AUDUSD 1 Hour
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Indeed, AUDUSD is really behaving well within that channel. Friday it broke the August high, could be a sign of further extension on the upside. Key for AUD will be the CPI on wednesday. Should we get a divergence with the falling NZD CPI … well that should be fun in AUDNZD
Yes indeed
I’ve got my eye on that AUDNZD for this week and a few long positions locked in from last week.
.83+ could be the last station stop for this “ride”… i dont see it rising further…in fact its a miracle it did what it did so far…
too much extended and not only in the aussie…
.83 one to watch Kerdizo. If it breaks tho it could be on track to the old support at 0.88/0.89