Aussie positioning ahead of Governors Speech Westpac CC
Updated
The Aussie has been on a torrid bull run benefiting from commodity strength and anticipation of reopening of its borders. Trading above its 200-day MA, with any Hawkish comments from Lowe and his counterpart and any improvement in Westpac CC the bulls will take control again. Techonomic Trading Strategies 90% Technical Analysis 10% Fundamental Analysis
Note
Lowes speech is sounding Dovish. Waiting for the Globe-X to open.Note
Lowes wait and see stance is neutral/HawkishNote
no real help for Gov. Lowe edging more hawkish or at least less dovish.Note
Aussie trade starting to get traction.Note
closed position as the Aussie struggles to advance. Challenging a 15-minute support line on a up channel.
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