AUDUSD - Getting Ready For Breakout
Aussie wage data was not great but China flows have been helping Aussie lately.
RBA stuck with the same rhetoric.
If we get soft CPI data, expecting massive USD sell off tonight.
My target would be 0.673 over the coming days or by next week where we have the descending trendline from monthly time frame, shaded area.
AU10Y vs US10Y isn't inspiring confidence now but obviously that would change with CPI data tonight.
Stops would be lows of today around 0.662.
RBA stuck with the same rhetoric.
If we get soft CPI data, expecting massive USD sell off tonight.
My target would be 0.673 over the coming days or by next week where we have the descending trendline from monthly time frame, shaded area.
AU10Y vs US10Y isn't inspiring confidence now but obviously that would change with CPI data tonight.
Stops would be lows of today around 0.662.
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