Mega Important: How Far Will The AUD/USD Fall?
Slight Risk Off feeding into Markets post data today.
Dollar strength really continuing as expected, with no real change since higher retail sales and hotter jobs data.
In risk off you also see weakening in Antipodean currencies, as you can see further for AUD/NZD now across the whole Market.
Would not be surprised at all if we continue lower to the bottom end of the current range before seeing anything demand wise.
Markets largely pricing in current state of the FED and the USD accordingly. Remember, state of RBA is more hawkish than other CB's, but FED sentiment clearly over rules on dollar strength as seen across the broad stretch of the FX Markets now.
Can also see some negativity on equities as we go further into NY.
Long entries still set much lower.
Dollar strength really continuing as expected, with no real change since higher retail sales and hotter jobs data.
In risk off you also see weakening in Antipodean currencies, as you can see further for AUD/NZD now across the whole Market.
Would not be surprised at all if we continue lower to the bottom end of the current range before seeing anything demand wise.
Markets largely pricing in current state of the FED and the USD accordingly. Remember, state of RBA is more hawkish than other CB's, but FED sentiment clearly over rules on dollar strength as seen across the broad stretch of the FX Markets now.
Can also see some negativity on equities as we go further into NY.
Long entries still set much lower.
Note
Slight stall. Further moves required for real build up of USD weakness (real catalyst needed).Note
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Free Pro Multi Asset Trading Guide:
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Free Discord Secret Server:
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Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.