ridethepig | Australian Yields for the Yearly Close📌 @ridethepig AU02Y Market Commentary 18.12.2020
This position which arises after the telegraphed breakout from the 10Y and thus creates space for the front end. A typical manoeuvre for the AU and NZ yields:
The analysis of the starting position shows us that the control now exists on the bid; because we know that it is the path of least resistance, so the rule is; when the market is strong we are buyers and when weak, we are sellers.
The AUD which is being "flanked" from all sides (FED, RBNZ et al) now has commodity shortages entering into play to put the cherry on top. Remain bid AUD for as long as possible; maintain contact with commodities for this cycle.
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Aussie
AUDUSD eyeing its 4th consecutive day of gainsThe AUDUSD is up three consecutive days and is eyeing to make this four.
Risk sentiment improving is on the side of the AUD, but some strong technical indicators will be watched by traders over the trading day. Support levels have lined up nicely with some psychologically levels, which may determine some short term trends in the pair.
On the fundamental side, Australian inflation expectation figures are due tomorrow afternoon, but not before the Reserve Bank of Australia's Governor Philip Lowe speaks about the banks revised inflation outlook and how patient they will be to ensure a lasting recover.
AUD-CAD Will Fall! Sell!
Hello,Traders!
AUD-CAD went up from the lows is now retesting
A key daily horizontal resistance level
Which makes me expect a bearish reaction from the level
And a move down to retest the local support below
Sell!
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AUDUSD analysis I have just analyzed this pair for this weeks possible moves. Technically speaking this is pair you should be keeping on your watchlist for cool cash this week as i did my analysis from the monthly timeframe down to the daily timeframe.
If everything goes as analyzed we should be taking at lest 100 pips from this pair.
But also NOTE that this is a personal view and should be taken as my own view of this pair.
GBP-AUD Will Go Up! Buy!
Hello,Traders!
GBP-AUD is retesting a horizontal key level
Which was broken in a bullish move up
And tunred into a support level
The pair is trading in an uptrend
So this presents a classical trend follwing opportunity
With the target being the recent high
Buy!
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Overall bullish on GBP/AUDLooking for continuation bullish with possible retracements first down to the 50% , 62% Fibonacci levels , demand and QP levels as confluence. The pound is extremely strong as of now and has been for the past few weeks. We have strong fundamentals this week on both the British Pound and the Australian Dollar such as RBA Interest Rate, RBA Chart Pack, and BoE Interest Rate Decision. Long term bullish on G/A unless market specifies otherwise.