NZD started started strong this week but suddenly became super weak I hope it continue to drop
I thought USD going to return this week, I give up waiting. Time to buy ! I hope I am right on this one, it always go opposite when I predict!
A surprised by NZD strength ! It suddenly pushed up after being weak from last week. With that strength of pushing up, there is no reason to go down, it want to stay up not down. I hope it continue to go up... On Thursday or Friday, USD might pump up so NZD is trying to push up to save it asset/ position ( my thinking ) good luck!
To help with your decision, Non-Commercial Positions 11-Aug-20 Long (+2,076) Short (-9,830)
NZD very weak from last week, and covid-19 increasing delaying election.
Will the USD come back and pressure AUD? To help with your decision, this is what non-commercial are doing. AUD/USD Date 11-Aug-20 Long (+1,856) Short (+4,296) Maybe it time to short?
17-Aug-2020 JPY Prelim GDP q/q previous 0.6% present -7.8% Non-commercial added short to CAD +3701 Currently CADJPY is moving very slow, it might take awhile to drop? Good luck.
XAU (Gold) is UP USD is WEAK plenty of room for AUD to still go UP even more wait and see at the yellow circle, be patient.
11-AUG-2020 Non-Commercial Positions CAD Long (--2,651) Short (+3,701) JPY Long (-3915) Short (+498) risk 1%
EUR Non-Commercial Positions Changes 11-Aug-20 Long (+3969) Short(-15134) AUD Non-Commercial Positions Changes 11-Aug-20 Long (+1856) Short (+4296) Risk 1%
Non-Commercial Positions 11-Aug-20 AUD long (+1856) short (+4296) risk 1%