Long AUDUSD because it looks like accumulation, it looks like a buy zone, against the dollar index, which is strengthening, it is also exhibiting signs of strengthening, which indicates that AUD fundamentals seems to be turning around, correlations with NZDUSD is also showing up to support the move. USDCAD, when it made its up move, AUDUSD did not push down but continued to trade sideways and even produced high lows each time, which further indicators strengthen. This divergence from correlation is out of season and may indicate fundamental changes, which may produce strengthening of the AUDUSD pair.
取消訂單:
Since the chinese market is crashing, fundamentals for AUDUSD is drastically affected, long orders should be taken out pending further market development and let FOMC enter the picture first. Important pivot to initiate long will be at 0.7400. Price must break 0.7400 and hold bids above there for a good long position.