TECHNICAL
This is the current technical picture of AUDUSD (DAILY)
BIAS:Triangle Congestion already broken. Key High Risk Event Cluster RBA, FOMC and RBA to consider SENTIMENT.
INTER MARKET INDICATOR (IM-I)
This is the current Inter Market Cycle (Daily)
BIAS: Intermarket Indicator suggest a Bear Market this means X/usd has a bearish bias.
INTEREST RATE DIFFERENTIAL(AU-US)
This is the current behavior or IRD (AU-US) 1Y
BIAS: Huge bearish divergence suggesting Pair must be corrected to the downside or rates should increase, however looking at the big picture the correction its more likely. Bearish Bias
COT ANALYSIS
This is the current Behavior of Aussie Future Contracts (AUDUSD PROXY)
BIAS: COT INDEX(13) QUARTER EXTREME BULLISH (BEARISH BIAS), NET LONG/NET SHORTS (2.25) (Bearish BIAS)
CENTRAL BANK:
RBA SAYING SEVERAL TIMES DURING PAST RELEASES : "THE EXCHANGE RATE REMAINS HIGH BY HISTORICAL STANDARDS"
Can you see the big picture now?
This is the current technical picture of AUDUSD (DAILY)
BIAS:Triangle Congestion already broken. Key High Risk Event Cluster RBA, FOMC and RBA to consider SENTIMENT.
INTER MARKET INDICATOR (IM-I)
This is the current Inter Market Cycle (Daily)
BIAS: Intermarket Indicator suggest a Bear Market this means X/usd has a bearish bias.
INTEREST RATE DIFFERENTIAL(AU-US)
This is the current behavior or IRD (AU-US) 1Y
BIAS: Huge bearish divergence suggesting Pair must be corrected to the downside or rates should increase, however looking at the big picture the correction its more likely. Bearish BiasCOT ANALYSIS
This is the current Behavior of Aussie Future Contracts (AUDUSD PROXY)
BIAS: COT INDEX(13) QUARTER EXTREME BULLISH (BEARISH BIAS), NET LONG/NET SHORTS (2.25) (Bearish BIAS)
CENTRAL BANK:
RBA SAYING SEVERAL TIMES DURING PAST RELEASES : "THE EXCHANGE RATE REMAINS HIGH BY HISTORICAL STANDARDS"
Can you see the big picture now?
