A break out of previous resistance area in EURAUD is tanking on AUDUSD. If EURAUD closes above the resistance zone, then it calls for target aproxx 1.3. It will further tank AUDUSD and drive EURUSD higher. EURAUD chart with technical levels and resistance zone earlier posted [here].
AUDUSD 1.02 barrier in talks. Its rumored to be big. And its expected to provide some support. Furhter technical levels at 1.0180 and then Sept 5 lows of 1.0165. Break of 80 level in AUDJPY is also significant and if daily candle closes below 80, it is expected to trigger round of sell stops. Next technical levels comes Sept 5 lows of 79.68.
Now coming to RBA, some analyst are pricing further cuts and odds calls for 80% cut at November meet. Governor Steven’s statement that the mining boom will now peak earlier than originally expected some bank analysts are now seeing a succession of cuts down to 2.5% next year. RBA report post cut posted [here].
All eyes will be on China and Euro zone now.
AUDUSD 1.02 barrier in talks. Its rumored to be big. And its expected to provide some support. Furhter technical levels at 1.0180 and then Sept 5 lows of 1.0165. Break of 80 level in AUDJPY is also significant and if daily candle closes below 80, it is expected to trigger round of sell stops. Next technical levels comes Sept 5 lows of 79.68.
Now coming to RBA, some analyst are pricing further cuts and odds calls for 80% cut at November meet. Governor Steven’s statement that the mining boom will now peak earlier than originally expected some bank analysts are now seeing a succession of cuts down to 2.5% next year. RBA report post cut posted [here].
All eyes will be on China and Euro zone now.
No comments:
Post a Comment