AUD/CAD 700 Pips Bargain: AUSSIE's Plight Deteriorates Further
Fundamentals:
The China Factor: Australia's economy is intimately linked to trade with China.
(1) China's lack of demand for iron ore as their economy undergoes a recession.
"Disaster looming in Australian economy as iron ore demand falls" (Daily Telegraph: www.dailytelegraph.c...0e4639b0f076b575b7b4 )
www.imf.org/en/Resea...rch/commodity-prices
fred.stlouisfed.org/series/PIORECRUSDM
markets.businessinsi...ities/iron-ore-price
(2) Deterioration of China's economy due to a zero-covid strategy
(3) China's property sector is cooling
(4) Aussie's Housing data becomes "haunting": stockhead.com.au/new...rs-until-circa-2023/
Technicals:
Past support becoming future resistance
Weekly BBT
Monthly BBT
Hit Bollinger Band 2nd Deviation in a slightly ranging market with a downward slope
Medium-term trend direction is downward
dHd
The China Factor: Australia's economy is intimately linked to trade with China.
(1) China's lack of demand for iron ore as their economy undergoes a recession.
"Disaster looming in Australian economy as iron ore demand falls" (Daily Telegraph: www.dailytelegraph.c...0e4639b0f076b575b7b4 )
www.imf.org/en/Resea...rch/commodity-prices
fred.stlouisfed.org/series/PIORECRUSDM
markets.businessinsi...ities/iron-ore-price
(2) Deterioration of China's economy due to a zero-covid strategy
(3) China's property sector is cooling
(4) Aussie's Housing data becomes "haunting": stockhead.com.au/new...rs-until-circa-2023/
Technicals:
Past support becoming future resistance
Weekly BBT
Monthly BBT
Hit Bollinger Band 2nd Deviation in a slightly ranging market with a downward slope
Medium-term trend direction is downward
dHd
Yorum:
VPA does not agree with the rise of AUD/CAD. This is a mispriced market. A market re-alignment is forthcoming!
Yorum:
Yorum:
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
