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When Aussie is below 0.63 cents again…

by Gav Leave a Comment

I am actually looking for long signal. Yes, I am waiting to go long. We are waiting to see how does RBA react now. Do they still think that the stimulus package is going to do any good?

Well , it is understandable why were they so confident about the stimulus package. During the Asian crisis, around 1997 to 1999 , Australia managed to grow at an average rate of 4.7%. The country’s sound foundation of strong domestic consumption was able to save Australia from past crises. Consumer consumption was the key.

They still believe in this. I guess.

Anyway, I don’t believe in what they choose to believe. But I am looking to long  Aussie dollar now.

Here is the….CHART! (Click to view full chart)

audusd-4hr

Filed Under: Trading Journal Tagged With: AUDUSD, FX, Trading Journal

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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