sal wrote: Tue Dec 19, 2023 1:18 pm
wait and see how market react.. i just replied as funny
see bro.. 2 snap, which is my analysis
do you know where this market goes as per your experience and analysis.
Yes on an indicator level you are right bro. Thats awesome if you are picking entries and that is a great way to make money if you can do it. Nice one. On a fundamental trade I think the AUD/USD is going to outperform from a low level and my basis I see real inflation, not CPI but real costs on the ground here far above 5.9 or even 10%. USA maybe they got it, here we import inflation, I need $200 to walk out the door. Put it this way, right now I don't want to sell my house because in the time it takes to sell my house a new house is too expensive for me. This is real here.
So back to a currency discussion. AUD has been fundamentally undervalued in my useless opinion for a long while. I don't see parity nonsense again but I do see a good gain for a trade from here. Is it a thin market fakey, maybe, or maybe we go to 75ish and that's a nice wedge.