Aussie is covering bigger bullish correction but remember major trend is still bearish. Buy signal at 0.8890 sl 0.8870 tp 0.8956. Signal made on my own strategy based on Dow theory, support switches into resistance, resistance switches into support and trendline breakout.
First I drew the upward navy line that line is waiting pullback when price hit the navy line we can do sell. Second I drew downward orange line that line gave main signal then I checked the support line that drew red line. That is main trading strategy.
M30 Chart analysis: The navy line is waiting for sell when the price hit pullback. The orange line made first buy signal. The red line made second buy signal and confirmed the bullish correction by swing high changed into higher high. Finally you can see the Fibonacci retracement please carefully look the each fibo levels.
M15 chart analysis. The orange made first signal and look for the navy line that confirmed the M30 chart's analysis.
Reserve Bank governor Steven said this month he would prefer the currency to fall 85 US cents, in an interview with the Australian Financial Review. The RBA governor has repeatedly emphasized his outlook for Aussie declines over the past two months and said Dec,18 in Parliament that he's also open to further rate cuts if needed.
Interest-rate swaps indicate there's about a 30 percent chance of the RBA cutting its benchmark from a record-low 2.5 percent to 2.25 percent or less in the first half of next year.
No comments:
Post a Comment