MacroView_Research

AUDUSD Rallies But Remains Technical Short

FX:AUDUSD   澳幣 / 美元
On May 9, MacroView issued a short idea on AUDUSD             and highlighted the strong correlations with copper             and gold             , which we would see the trifecta fall 2.93 percent, 4.90 percent and 6.68 percent respectively.

We've seen all three etch out bottoms in early June, yet copper             is retesting those lows on unexpected increases in inventories. The AUDUSD             went big following the Reserve Bank of Australia holding their key benchmark to 1.75 percent. Unfortunately, this will be short-lived. The central bank's policy will strongly be tethered to the economic performance of China.

Technically, we see price resistance at .7520 with a breakout potential to .7645 since the move does have relative strength in momentum. However, the weekly technicals still show a picture of lackluster upside potential.

snapshot

Intermediately, the z-score is at a very high 2.6 (+/- 2 are a great contrarian indicator).

Trade posted on chart. Updates will be provided.

For more information on MacroView's products, or general questions and comments, feel free to message us.

Also, readers are encouraged to post their thoughts and charts!
I am expecting for a pullback to 0.7300 maximally, do you really think the price can retrace that deep? I doubt it.
回覆
Yes. It's not intended to be a quick trade. I prefer it work itself into a more overbought scenario, but 390 pips over 10 sessions is possible. Im looking for it retrace to key points.
回覆
繁體
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
首頁 股票篩選器 外匯信號搜索器 加密貨幣信號搜索器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的事件處理號碼 優先服務 聯絡客服 發表的想法 粉絲 正在追蹤 私人訊息 在線聊天 登出