infin0

infin0 Updated 

Double top formation at -0.70460. let's see if it can consolidate with a lower high on the 4 hour chart.

infin0 Updated 

I was waiting for the top of trendline to hit but following announcement of RBA interest cut this did not happen. AUD has not been able to make a new high over the last day despite weakness in USD. Low risk trade to short presently.

infin0

this rising AUD has been one to stay away from. However with the looming RBA announcement on Tuesday which appears be a rising certainty of 25-50bps cut, this is a good time to get into a short position at the top of the long-term trading range with low risk. If it makes higher highs at .70600 area that would disprove the theory.

infin0

AUD has run up to the resistance area.

infin0

So now that AUD is heading further south we look for a return to .68700 and rejection to lower lows.

infin0

After closing out of a sharp run short Friday night it is time to watch and see if the AUDUSD bounced of the last line of resistance. If it fall through this Monday morning it is time to start selling heavily. I will try with a double position as breaking through this line indicates a global recession sentiment in my mind. Iron ore could then fall. AUD is...

infin0 Updated 

Sensing weakness, cannot hold the .6950 level.

infin0 Updated 

There are a lot of factors playing into a rising S&P500. Speculation on an interest rate cut. Trade war is hurting China. USD weakening it appears.

infin0 Updated 

Counter-rally seems to have exhausted, Aus domestic data continues to look woeful.

infin0

Latest Australian economist forecasts is for 3-4 additional interest rate cuts over the next year as economy slows taking RBA rate to 0.5%. It is hard to see how this news will enable AUD to move any higher through .6930 resistance level. Take a stop just above.

infin0

I have opened two positions in the DXY given its sustained momentum over 97.50. The DXY will grind higher over the remainder of the year as growth in Europe slows. Stops set at 97.30 range.

infin0 Updated 

The AUDUSD seems to have found support around the 68.7 range. It is worth a short trade on a reversion. Use a tight stop below the resistance area.

infin0

Is Gold forming a head and shoulders pattern? Has XAU ruin out of steam?

infin0

AUDUSD has rejected at .6932

infin0 Updated 

If you missed selling at 0.72 I think there is still room for the AUD to fall due to weak sentiment for next CPI result. Selling will continue.

infin0 Updated 

The AFR writes: "The futures market is sending a clear message that the Reserve Bank of Australia will cut the official cash rate at one of its next two meetings, with a cut during the election campaign now more likely than not." This is going to accelerate the interest rate differential on the AUD and trigger even further selling.

infin0

I have been short since .70140. I sold futher at 0.6930 and now the descending wedge has broken more selling can occur.

infin0

1283 area rejected twice, so it's time for a fall - especially as the USD rallies through this volatility.