AUDUSD (Short)

Whats up Guys,

Basically, the Aussie is a mess right now -

Technically - i have a fib extension painted on the chart, along with some long term historical levels that i suspect will provide support at various increments.

Fundamentally, Aussie prime minister ousted, new sheriff in town - but i expect the Aussie dollar to sink, and continue to sink, for at least the next few weeks.

I think it could even get as low as .70 / USD
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-Nixxx

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Commentaire:

Whats up Guys, some Key Points -

- Im not in the trade right now - but Im tracking it closely.
- My take - AUD going to take a (further) beating and right soon. but Im waiting for the appropriate signal to move on it.
- Australian prime ministers dropping like flies. Australia is majorly impacted by the US 'trade war' which shows no signs of ending until AT LEAST November.

Trade fermée: cible de profit atteinte:

We will reanalyze - but I expect ATM that the original TP zones that I listed above are looking pretty good right now.

Transaction en cours:

Expecting some consolidation here in this range until the next leg down -

No real reason for the AUD to increase at this point, IMO.

My trade is set at:
SL7230
TP's are on the chart.

Commentaire:

2:6 Targets Reached so far.

Some Big Aussie news coming out in a fwe hours - keep mindful.

Best of luck everyone.

Commentaire:

3:6 Targets Reached so far

Pretty sad for the Australians, but this currency has more to give i think.

Happy trading all -

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