Have to make a confession. My last Aussie dollar post showed a 50% retracement stop loss in place. It was actually a mental stop loss, that by the time I checked on the Aussie, it had breached the stop level and then fallen below it again. Mental stops are probably not the most ideal thing to do.
Back to the Aussie Dollar... still slowly grinding lower - but yet to significantly beach the 4HOUR 200SMA or Support level 1. Still in no-man's-land for now. Upcoming US data should sort out USD strength / weakness.
This is the key inflection point YOU have been waiting for...
A move lower establishes momentum for a longer term trend back below 90 cents and beyond.
Back to the Aussie Dollar... still slowly grinding lower - but yet to significantly beach the 4HOUR 200SMA or Support level 1. Still in no-man's-land for now. Upcoming US data should sort out USD strength / weakness.
This is the key inflection point YOU have been waiting for...
A move lower establishes momentum for a longer term trend back below 90 cents and beyond.
