The Australian dollar is clearly testing downside support this afternoon in a bearish little descending triangle:
As DXY heads for the heavens approaching tonight’s US inflation number. EUR has broken down, CNY is at the verge:
King Dollar returns!
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The AUD is getting creamed this morning, sinking
DCE IO is getting ripped into as well.
It’s crazy atm with USD Vol!
Then… back to 75c, watch
Maybe on some disappointing US news, and some positive China news…else, I’m not so sure…
I’m going to wait for US news tonight, and see how the AUD responds; but, the Poo/Bob is having trouble holding 74 cents…
My disclosure is that I recently bought some more USD so am hoping I bought correctly for once! 😉
I reckon it’s all over for emerging markets. Turkey is about to bring the house down. The AUD will get caught up in it. Thats my prediction anyway.
plunging now 0.7282
I have traded it poorly.
When did it hit that – i am seeing a day low of 73.00
Although as I type it is starting to race there anyway
It’s heading down down now. Luckily my bonus get’s paid (in USD) next week
That was quick! I jinxed it. Looked and it was 72.89 one minute, back to 73.20 the next! WTF was that…