thewriter30

thewriter30 Updated 

As per the graphic, unless CPI Wednesday is a bullish surprise or any other unexpected bullish news which you can never foresee of course, the normal course is for a decent correction So imagining this scenario: CPI not good, iron keeps falling, aussie goes back to latest multi year high (previously was support) at

thewriter30

So, this is it AFAIK... not even trump could lift it further, it actually prevented the pair going BELOW 0.79 and brought it back to 0.7960 area...can't see a correction yet, nor more upbeat until more wonderful spectacular news from Australia

thewriter30

Longest run in recent times was 2000 pips without a proper correction. Others where more common around 650 to 750 pips This up leg is around 650 already since 73...ish The 1000 0000 question is when this correction will come? Usually it comes when oposite news against the established trend transpire. What is left apart from today's important employment data (is...

thewriter30

So, if CPI Friday news is bad, or interpreted as bad (the latter is more relevant really) then 0.80 is on target Still wondering what makes people keep shorting AUD USD....not saying it does not look interesting to sell it from the potential gains perspective./.. but based on what? 0.77 broken like cheese is not enough as a clue for Short, all the contrary actually

thewriter30 Updated 

So the channel is there, actually I have it clearer in other charts I cant share, but that channel can only be Break by a suprise (say tomorrow when Yellen speaks, though I doubt it) or CPI being frigging positive for once (i mean above expectations) AUD seems to be the SHORT choice for many since 2014... for some reason which I believe is related to 1) China...

thewriter30 Updated 

Not sure what will break the AUSSIE .... IF it breaks at all... CPI -0.07% Monday ...stay tuned AUDUSD 0.20%

thewriter30 Updated 

Still potential to go down

thewriter30 Updated 

aud up since nothing could bring it down