AUD/CAD 700 Pips Bargain: AUSSIE's Plight Deteriorates Further
Fundamentals:
The China Factor: Australia's economy is intimately linked to trade with China.
(1) China's lack of demand for iron ore as their economy undergoes a recession.
"Disaster looming in Australian economy as iron ore demand falls" (Daily Telegraph: dailytelegraph.com.au/business/economy/disaster-looming-in-australian-economy-as-iron-ore-demand-falls/news-story/75b7221eacd50e4639b0f076b575b7b4 )
imf.org/en/Research/commodity-prices
fred.stlouisfed.org/series/PIORECRUSDM
markets.businessinsider.com/commodities/iron-ore-price
(2) Deterioration of China's economy due to a zero-covid strategy
(3) China's property sector is cooling
(4) Aussie's Housing data becomes "haunting": stockhead.com.au/news/this-horror-week-of-housing-data-will-haunt-homeowners-until-circa-2023/
Technicals:
Past support becoming future resistance
Weekly BBT
Monthly BBT
Hit Bollinger Band 2nd Deviation in a slightly ranging market with a downward slope
Medium-term trend direction is downward
dHd
The China Factor: Australia's economy is intimately linked to trade with China.
(1) China's lack of demand for iron ore as their economy undergoes a recession.
"Disaster looming in Australian economy as iron ore demand falls" (Daily Telegraph: dailytelegraph.com.au/business/economy/disaster-looming-in-australian-economy-as-iron-ore-demand-falls/news-story/75b7221eacd50e4639b0f076b575b7b4 )
imf.org/en/Research/commodity-prices
fred.stlouisfed.org/series/PIORECRUSDM
markets.businessinsider.com/commodities/iron-ore-price
(2) Deterioration of China's economy due to a zero-covid strategy
(3) China's property sector is cooling
(4) Aussie's Housing data becomes "haunting": stockhead.com.au/news/this-horror-week-of-housing-data-will-haunt-homeowners-until-circa-2023/
Technicals:
Past support becoming future resistance
Weekly BBT
Monthly BBT
Hit Bollinger Band 2nd Deviation in a slightly ranging market with a downward slope
Medium-term trend direction is downward
dHd
Note
VPA does not agree with the rise of AUD/CAD. This is a mispriced market. A market re-alignment is forthcoming!
Note
Note
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.