Australian Dollar / U.S. Dollar
Short
Updated

AUDUSD sell. Until news break.

78
๐Ÿ””๐Ÿ“ฃ๐Ÿ”Š๐Ÿ“ข๐Ÿ“ข Price(๐Ÿ’ถ): โฌ‡๏ธ 1.0199%, market sentiment(๐Ÿ’š): โฌ‡๏ธ 11.03%, message volume:โฌ‡๏ธ 7.33%.
USD STOCKS (๐Ÿ“‰): SPX:โฌ†๏ธ 1.31%; ICIC: โฌ†๏ธ 1.01%; VIX:โฌ†๏ธ 15.96%. AUD STOCKS: XJO:โฌ‡๏ธ 2.19%.
US daily news (๐Ÿ“…๐Ÿ“‹): BLM protests and riots, cops killing citizens increasing. US economy news (๐Ÿ“ฐ๐Ÿ’ฐ): Ended last week (Thurs-Fri) fundamentally strong ๐Ÿ’ช๐Ÿพ. Stocks turned around after strong plunge. Todayโ€™s USD economic news (๐Ÿ“…๐Ÿ’ถ๐Ÿ“ฐ): ๐Ÿ•ฐ 8:30- Empire State manufacturing index. 11:00- FOMC member Kaplan speaks. 4:00 pm: TIC long term purchases. Australia daily news (๐Ÿ“…๐Ÿ“ฐ): BLM protests extend to Australia. Trade tensions with China becoming more serious. China sentenced an Australian to deathโ˜ ๏ธ adding to already worsening tensions. Branch stacking scandal. Potential boost in Australiaโ€™s space๐Ÿš€๐Ÿ›ธ industry. Australia economy news (๐Ÿ’ฐ๐Ÿ“ฐ): Fundamentally neutral/unaffected last week. Stocks started bearish trend without reversal. Todayโ€™s economic news (๐Ÿ“…๐Ÿ’ถ๐Ÿ“ฐ): 9:30 pm- Monetary policy meeting minutes; and HPI q/q.
TECHNICALS: ๐Ÿ“Š๐Ÿ“ˆ๐Ÿ“‰๐Ÿ”Ž Day ๐Ÿ“… chart- Bullish overall trend currently seeing correction waves. Bouncing off 50% fib retracement; could continue bullish trend or test 61.8% or 78.6%. Williams alligator ๐ŸŠ: reversing, heading down. Keltner channel: closed inside channels, playing off 20 MA. Stochastic: crosses in โ€œoverboughtโ€ heading down.
1 hour chart ๐Ÿ•ฐ: Trend- bearish. Coming up on the 38.2% retracement; expected to test the divine proportion or the 78.6% area before possible reversing for the correction waves. Willams alligator ๐ŸŠ: Going down, seems to have started to level out. Keltner channels: bouncing off the 20 MA in the lower half of the channels. Stochastic: closed in โ€œoversoldโ€ and looks to be staying there.
Looking ๐Ÿ”Ž๐Ÿ” at the candles we can see that they are pushing through each baby๐Ÿšผ bond area (0.68600, 0.68400, 0.68200, etc.) but struggling ๐Ÿšซ๐Ÿšซto break back through. Weโ€™re seeing a lot of strong bearish candles with a lot of wick action at the top showing strong sell signs. ๐Ÿ’ฒ๐Ÿ’ฒ
Note
Fundamental update: ๐Ÿ‡บ๐Ÿ‡ธ: Empire State index recovers in June from two months of record lows.

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