Aud Usd.. not a bad time 2 short
As Kuwait boosted up oil prices & Crude inventories being low.. oil has has found light 2 a new balanced area. Now that oil is here.. Fed can look 2 higher inflation coming.. Fed are watching global markets & global gdp so don't get hyped 2 just yet. With the eyebrows being raised for Fed rate hike.. gold will probably go down along with money being Poured into U.S. assests.. Interesting news week for -Usd- next week
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AU loosing momentum & flat top wedge formed chart-->
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saw expectations for next week & I don't look 4ward toward holding it for long.. exited out with + 35 pips
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Aud CPI Q/Q expectations is bad.. & I look 2 short this until after it.. mayb even a bit b4 the FOMC statement if price is right.. keep an eye on a dramatic release in Usd consumer confidense
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The reason why Aud recently fell on top of its recent rate cut . Check out @livesquawk's Tweet: twitter.com/liv...397097960128513?s=01
