Technical Strategy: I am aiming to catch the 5th wave from a nice pullback to the new support level.
Macro Insight: The RBA was quick to set another 25 basis point rate cut which lowered their key policy rate to a new record low of 0.50% to counter coronavirus hit. Although, a Safe Haven currency could have been my best bet to trade however I am very positive considering UK-EU have started their negotiation process since 2nd March.
I am looking to buy around the 1.67 which is a 38.2% pullback of Wave 3 and a significant support area that has recently been broken.
Macro Insight: The RBA was quick to set another 25 basis point rate cut which lowered their key policy rate to a new record low of 0.50% to counter coronavirus hit. Although, a Safe Haven currency could have been my best bet to trade however I am very positive considering UK-EU have started their negotiation process since 2nd March.
I am looking to buy around the 1.67 which is a 38.2% pullback of Wave 3 and a significant support area that has recently been broken.
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.