I reiterate, big big changes are coming to AUD and Australia markets based on the Debelle speech and its the same revamp as all central banks. Previous I mentioned how Interest rates were misaligned to exchange rates but that situation is now resolved. The problem now in AUD is AUD yields, 1 year to 10 which means all AUD yields. AUD yields are far to low and severely out of alignment. AUD yields go higher or interest rates must come down. I don’t recommend tyrading AUD based on AUD yields alone cause it won’t work.
AUD big points from my MA system. 0.7133 and 0.7149. Note below slight difference in today’s market range numbers. Range is 29 pips today while buy sell price extremes are found at 0.7052, 0.7044 and 0.7274 and 0.7314.
AUD/USD. Bottom. 0.7140. Range breaks 0.7152 below, 0.7200 and 0.7322 above. Overbought sell point 0.7240, Failure point 0.7229. Sell back to 0.7208 and 0.7202. Watch 0.7200 as it must break, may not. Points on the way up, 0.7179, 0.7184, 0.7191, 0.7204, 0.7217, 0.7229, 0.7235, 0.7240. Understand, AUD curves a bit misaligned.
Sell below 0.7175, Target 0.7140, caution in target as 0.7149 and 0.7152 may stop this target. Points on the way down, 0.7179, 0.7166 and 0.7159.
AUD/CAD. Big points 0.9824 and 0.9803. For today, 0.9824 is perfectly balanced.
Brian Twomey, Inside the Currency Market, btwomey.com