AUD.USD

[float]

Perplexed as to why the aus dollar dropped against the green back after last nights stimulus announcement.... The dow and S&P500 dropped yet the USD rose I would have thought the aussie dollar would be better off comparatively

What country can print money and increase the value of their currency...

Am I overlooking the obvious?

[Pumice]

Perplexed as to why the aus dollar dropped against the green back after last nights stimulus announcement.... The dow and S&P500 dropped yet the USD rose I would have thought the aussie dollar would be better off comparatively

What country can print money and increase the value of their currency...

Am I overlooking the obvious?

Did they print money though? I thought they just rolled over ST maturing debt and bought LT debt?
They are just keeping rates lower for longer arent they?

[dumbass]

hello and happy new year.

looking to enter short on aud, looks like a correction is commencing which should provide some resonable pips to the downside.

3 wave structure , most likely price will double top with a B wave at 1.0680 ish then should see a C WAVE moving price down , initial target 1.05 .

i wil look to count 5 waves down which should then provide another long opportunity.

short 1.0670 stop 1.0730 target 1.05