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Aussiedollar

Aussie - AUDUSD Risk off!Almost time to load up on Shorts on the Aussie, we are currently in a risk off environment, a flight to cash, a forced liquidation of the aging population of assets to fund retirement etc is going to be another causation of the commodity driven Australian economy to be in a recession and negative growth in the coming years and decade. A lot of Risk currencies are setting up as a good sell in the coming weeks stay tuned to my forecast. expecting Aussie to trade well below the all time lows dropping well below 50 cents to the low 40s possibly. expect further short term upside though could rally up to 65-68 region before heading down. AUDUSD is a Short term Buy, Medium and Long term SELL
Short
by MarcusBlac
3
AUSUSD(Y20.P1.E2).Some reliefHi All, The Australian dollar has reached its previous all time low in recent years against the USD. On the 8 hrly, there is a bullish divergence (being a double bottom) being formed which will likely give a nice bounce to about the 0.66 mark. The candle sticks also look positive at this level. I haven't looked at any other currencies but my guess would be that most have dropped as well. Please give me a tick or a like as an appreciation of this post. Regards, S.Sari. Previous Post
by ssari
ridethepig | AUD Market Commentary 2020.01.10Ending the week with instructive profit taking from bulls in exemplary fashion....Average hourly earnings disappointing but nothing to write home about. Highlights in the report going to manufacturing jobs getting crushed via protectionism and those maintaining longs now have a free hand to play the next short-term swing. I love it when USD goes for a walk. The move in play for the coming sessions and looks difficult to defend against. I am tracking 0.6925x to prevent the breakup for bulls this week and trigger profit taking. After an exchange of direction flanking works decisively well and the execution timing-wise is of importance. For those tracking the 2020 AUD Macro map and digging into the fundamental side I would highly recommend checking the following diagram: Thanks for keeping the support coming with likes, comments and etc. If you have any questions/charts as usual jump into the comments and we can open the conversations. Good luck all those in AUD.
Short
by ridethepig
6