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eyeswideopen

11,406 Posts.

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29/10/18

15:01

Post #: 36299603
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Originally posted by Owenb79 ↑

Originally posted by eyeswideopen
Hello all new to this thread.

Have a question experienced $ traders will be able to help with.

Would OS brokers be able to advise clients that direction to A$ is up against US$ based on this chart ?

https://www.dailyfx.com/aud-usd

Long green wick at bottom where A$ broke resistence not a concern?
Haven't talked about currencies for a while on HC. This week is pretty news heavy. The first week of the month usually is and a little different when the start of the month is mid week because you get a lot of overseas data towards the end then we get our data next week the AUD.

Pretty much the theme is fixed income and bond rate mostly 10yr. Dropped slightly on Friday to just over 3%. There probably wont be any USD weakness unless the rate can get over 3.25%. Stock markets will need to keep dropping and if they do will put pressure on the AUD.

I don really trade the first week too news driven for me.

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Hello and thankyou for your reply.

So if you were an OS Broker would your advice be to your longterm investment clients be, A$ closer to low than high verse US$ time to average in?

And if you were an OS Broker would that brief break of resistance last friday be a concern?

Price at posting: 1.4098 Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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