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.


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
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 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
概述 個人檔案設定 帳戶和帳單 我的支援工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出