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Aussie3228

AudUSd

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closed the week at 1.0482...AUD has been strong against USD for the last 4-5 weeks.

My short term target target was 1.0480/1.0500...

If bullish momentum continues 1.0570/1.0606 will be the next target...my very long term target is 1.1028...I am bullish as long as we trade above 1.0345/1.0300...

 

However, if the bears manage to take control and we trade below 0.9900, then I will be looking for 0.8800

aud1.jpg.6295101818efd667c23115a6c0696b12.jpg

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Reserve bank of Australia (RBA) leaves cash target rate unchanged at 4.25%

- Monetary policy is appropriate for the moment.

- Will continue to monitor information.

- Will adjust the cash rate as needed for growth and inflation.

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What is your time frame for getting to your next target? And I presume you are now long?

 

slick60

 

yes, went long yesterday. I think end of this month, maybe sooner, depends on how fast we can pass 1.0880 and 1.0985

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almost there as aud/usd is losing its strength. if it can't stay above 1.0680 today selling pressure will increase

 

O,

 

Nice call...looks like it's hovering around the 1.0660 range today. Also looks like pretty deep drop if it really does break the 1.0600 level.

 

Regards,

 

CYP

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