Thread: AUD/USD

Originally Posted by ;

Aussie screwing with everybody today lol. The over-extension keeps coming, although it resembles a sell.

I want to see that chart looks like a sell, or at least that time period?

Regards,

Originally Posted by ;

Aussie screwing with everybody today lol. It resembles a market, but the over-extension keeps coming.

Commodity currencies may be feeding off this latest spike in gold/oil. Probably short lived.

Originally Posted by ;

quote I would like to observe that chart looks like a sell, or at least that time period? Best wishes,

Yeah, someone tell AUD to create a setup because we do not find room for further upward movement. It is overbought and no correction yet.

Originally Posted by ;

Aussie screwing with everybody today lol. It resembles a sell, however the over-extension keeps coming.

Well, AUD is not messing with me personally, so that statement is incorrect

No AUD news for a few weeks. At the mercy of USD and commodities. Boooo.

0.77x has been resistance for a long time a year or so ago I think it was rejected at this level approximately ten times. Before Nostradamus called it'd break through.

Originally Posted by ;

quote Yeah ..GOT it..but trend convinced looks down to me..not that I would know AND that treasure guy reckons us older folk is going to be 10 d a week better off after the budget. . Well I am here to tell you wont buy me a hamberger were live let alone a fantastic milk shake and 600bd in interest only loans??? Bit of a worry. . I believe any how..me I'm loaded up fo it to go hard down side,,as I said not that I would know. .

Australian residents are all very concerned. That's true.
The Chinese Trade Balance was pretty good. 213B (-30 to 183) and this should hold AUD for today. Let's see if this really is enough.
If Gold goes, forget it!

Originally Posted by ;

quote Retail earnings comes in at 0% .2% below expectations. Yep! Australia is at a large financial downward spiral. Yep! Personal debt ridden . . Individuals arent spending . . Yep! RBA needs to cut rates as the place is suffoing . NOPS! The significant money isn't with the people, but with banks, large businesses and especially IMF government loans. So that the government in order to have the ability to cover the rising public debt, RBA interest rates have to rise. This affects the Yields and the inflation which pumps the economy. That can be ...

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The big money is with all the banks . . The old expression when you owe the bank $100 its your problem if you owe the bank $500K its their problem.
There is enough people giving the banks a head ache .
Should they increase rates watch the banks have their problem.
If they lower rates intake rises mortgage stress strengthens and probably the banks are in a position of defaults.

This is a very low rate environment . Wage growth wont occur for years thanks to the open border policy of the globalists and on top of that robotics.

Honestly disappointing funding, the average full time employee remains still going to be scratching the bottom of the barrel and paying near to the identical tax. Simply well worth it after you start earning over 87K, together with median income being 40k and average 67K, this is only a massive political stunt rescue face that lower income earners get a rest, yeah, those which make close to 100K... Let a recession occur here, I'm yearning for you so the wealthy folk panic and sell their houses and stocks and that I will actually be better off by buying assets that are cheap, do not think hospo and courier projects are going to suffer since the Chinese students are powering it in the CBD areas such as Sydney and Melbourne.

Are you paying attention to this fact the bottom of a 2-year raising channel might be at 0.7176-0.7221 zone?

Analysis on 2-day chart, take a peek.

127% Fib expansion from A1 B1 C1
The 27% Fib level is expected from A1 B2 C2
This could confirm the bottom of a ling channel.

Does anybody here think the exact same or different?
Post here and let us examine our analysis.

4 national politicians have to resign today due to dual citizenship that isnt allowed under the constitution.

These people from labour (the left side) party have understood this for quite a while and have been ruled out / expelled by the high court .

Can it be dumb or not how can we've got these people in government operating the country.

No wonder Australia is floundering .

Economy Aussie