After RBA has hinted to halt any Interest adjustment in the near future, then it makes the AUD more easily exposed to the weakening effect of Both GBP and Euros, coupled with China Financial tightening measures WHICH MAY AFFECT HER MINERAL EXPORTS,, added with potential plunging of Gold prices, .......All the combined effects result in the Downfall of AUD.
Please do refer to my previous posts only FEW hours ago on AUD/USD
NOW PRESENT PRICE :0.8290
Resistance : 0.8300 , 0.8400, 0.8500
Support : 0.8220, ,0.8170, 0.8000
Please do note that AUD WILL BE OUT OF THE DATA CONNECTIONS IN THE NEXT 24-48 HOURS, so it is really up to your IMAGINATION what are to be happening to the AUD ?? Unless RBA will execute some drastic measures now, otherwise, it is up to the nature runs its course !!
All traders are reminded to fully exploit this Golden Opportunity.!!
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