AUDUSD major break down
=> Here eyeballing the recent break after failing to pierce the channel to unlock 0.6928 for a test
=> The broad based USD strength continues and we have December hikes to begin pricing in. After NFP today (expected to overshoot) odds will be in the 'done deal' category for hikes.
=> While Australia's trade surplus helps as a buffer against the yield disadvantage it is only moderating the AUDUSD decline.
=> The yield disadvantage is not changing any time soon and we see the bottom of the channel open for those on the sell side.
=> Good luck to all trading this pair in NFP .. lets see how it goes
=> The broad based USD strength continues and we have December hikes to begin pricing in. After NFP today (expected to overshoot) odds will be in the 'done deal' category for hikes.
=> While Australia's trade surplus helps as a buffer against the yield disadvantage it is only moderating the AUDUSD decline.
=> The yield disadvantage is not changing any time soon and we see the bottom of the channel open for those on the sell side.
=> Good luck to all trading this pair in NFP .. lets see how it goes
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