So, I see something better, maybe something pleasant. We had weaker than expected employment condition in U.S. In addition, RBA maintains the possibility of further interest rate hike later. I am not into fundamental analysis, but the current condition seems to favor my still bullish view of Aussie dollar. Anyway, we are back to 0.92-ish now. In fact, my next trading target is somewhere around mid-93-ish level. Let’ see how it goes. 🙂
There is one thing to watch out…GOLD! This crap is still enjoying its diving session. 😆 . I mean, we might still need some time to see if GOLD is to rebound. This, of course, influences how Aussie and dollar perform.
Here is the….CHART!
[photopress:audusd06april2008_1.gif,full,1]
Here is the….Trend Score! A weak uptrend might be a start of new uptrend, at the same time, it might be just a trap. let’s see.
[photopress:audusd06april2008_trend.jpg,full,1]
Things are getting crazy man. Gold jumps off a small cliff, invites dip-buying before the mid-eights. The FX spot markets reject the NFP surprise as USD-bearish…for now…
That is a very pretty pivot line on the AUDUSD chart. That line is hard to ignore. If it broke, then I would definitely buy on pullbacks and look for a retest of hights…as long as Gold was moving along a similar trajectory.
Things are getting iffy…but was there ever a time when they weren’t?
Yeah, in fact I was tempted to jump into Long position last Friday, an hour or two after NFP. But, GOLD stopped me.
Maybe I am just a chicken trader. Let’s see how it starts the week.
Having said that, spot fx markets are not getting iffy, …because they are always iffy. 😆
Things are getting crazy man. Gold jumps off a small cliff, invites dip-buying before the mid-eights. The FX spot markets reject the NFP surprise as USD-bearish…for now…
That is a very pretty pivot line on the AUDUSD chart. That line is hard to ignore. If it broke, then I would definitely buy on pullbacks and look for a retest of hights…as long as Gold was moving along a similar trajectory.
Things are getting iffy…but was there ever a time when they weren’t?
Yeah, in fact I was tempted to jump into Long position last Friday, an hour or two after NFP. But, GOLD stopped me.
Maybe I am just a chicken trader. Let’s see how it starts the week.
Having said that, spot fx markets are not getting iffy, …because they are always iffy. 😆
Touche brother.
Touche brother.