Brian Twomey
Brian's Investment
Not only is AUD/USD and AUD cross pairs oversold to G28 currencies but AUD Vs EM begins the week at exorbitant oversold and offers easy money trades for the week. Offered are AUD Vs EM trades. Nothing happening to AUD/TRY but against the vast majority of EM currencies, AUD is massively oversold and heading higher.
AUD/BRL Close 3.8272
Long 3.7953 and 3.7803 to target 3.8554.
AUD/CNY Close 4.7449
Long 4.7404 and 4.7355 to target 4.7753.
AUD/DKK Close 4.6018
Long Anywhere or 4.6006 to target 4.6414
AUD/HRK Close 4.6411
Long Anywhere or 4.6408 to target 4.6856
AUD/HUF Close 221.73
Long 221.79 to target 223.52
AUD/MYR Close 3.0990
Long Anywhere or 3.0967 to target 3.1133
AUD/PLN Close 2.8266
Long Anywhere or 2.8266 to target 2.8558
AUD/RON Close 3.0415
Long 3.0457 to target 3.0716
AUD/ZAR Close 10.7066
Long 10.6801 and 10.6701 to target 10.7401
AUD/RUB Close 53.71
Long Anywhere or 53.53 and 53.46 to target 55.12.
Trading currencies and other financial instruments carries a degree of loss and possible loss of entire investments. Please managed your own risks, stop loss, and margins requirements.
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Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
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Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
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