AUD: No Shock To Consensus
Fundamentals:
Market reluctant to turn less bearish..
China factor clouds Aussie demand..
pessimistic equity market.
Recent rate hike priced in - it was not shock to market consensus..
Aussie's statement at meeting was a cautious tone..
AUD will continue to fall relative to stronger countries..
Technicals:
Downtrend
2 year lows
Hosoda waves still incomplete
Mathis Waves still incomplete
Crown
target 0.6603
Market reluctant to turn less bearish..
China factor clouds Aussie demand..
pessimistic equity market.
Recent rate hike priced in - it was not shock to market consensus..
Aussie's statement at meeting was a cautious tone..
AUD will continue to fall relative to stronger countries..
Technicals:
Downtrend
2 year lows
Hosoda waves still incomplete
Mathis Waves still incomplete
Crown
target 0.6603
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