Looking back @ Macro Levels:-
Assies remained on a rollercoaster ride against its kiwi counterpart since 2011. Following later pair remained sideways since 2014 (consolidation phase), although in a fair enough trading range of a 1000 pips between 1.1300 - 1.0275.
Fast Forward :-
Recently, since Nov 2016 (as trump-nomics starts) pair was in triangle/wedge structure. Feb 9,2017 close above 1.0554 has confirmed the triangle break-out. Both Micro and Macro technicals foreshadow a trend reversal cementing the fundamentals, where RBA was less dovish relatively to other central banks while RBNZ on Feb 9 2017 gave clear signal of dovishness, stating that interest rates may remain low for a longer period than market's expectations.
Our favorite Inverse H&S for bullish reversal is on cards producing the neckline at 1.0770 area and on Macro level 1.01382 area, Although Macro levels are bit early to anticipate . Our analysis is backed by Deutsche bank's yesterday's remarks that " Aussie may put gains against
US up to .8100 or beyond "
We are super excited to trade this pair keeping bullish baise once a valid trading setup develops.
Keep following for trade setups...
Thanks and Trade with Care..... :)
Assies remained on a rollercoaster ride against its kiwi counterpart since 2011. Following later pair remained sideways since 2014 (consolidation phase), although in a fair enough trading range of a 1000 pips between 1.1300 - 1.0275.
Fast Forward :-
Recently, since Nov 2016 (as trump-nomics starts) pair was in triangle/wedge structure. Feb 9,2017 close above 1.0554 has confirmed the triangle break-out. Both Micro and Macro technicals foreshadow a trend reversal cementing the fundamentals, where RBA was less dovish relatively to other central banks while RBNZ on Feb 9 2017 gave clear signal of dovishness, stating that interest rates may remain low for a longer period than market's expectations.
Our favorite Inverse H&S for bullish reversal is on cards producing the neckline at 1.0770 area and on Macro level 1.01382 area, Although Macro levels are bit early to anticipate . Our analysis is backed by Deutsche bank's yesterday's remarks that " Aussie may put gains against
US up to .8100 or beyond "We are super excited to trade this pair keeping bullish baise once a valid trading setup develops.
Keep following for trade setups...
Thanks and Trade with Care..... :)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.