Big move to potentially come after Easter.
Expecting price to slowly enter key support / resistance area of 1.10700 ~ 1.1000 area where MAs will meet again.
Everything seems to be stacked towards an uptrend for Aussie - copper and metal ore futures improving ( at a glance ), interest rate and inflation outlook IMPROVING ( subject to more confirmation after analysis of broader econ outside of mining ) and consumer sediment in the positive.
Versus diary futures and GDT depressed in currently highly leveraged NZ diary industry and further rate drops very likely going into June.
Harmonics traders can confirm / disagree.
Trade plan: WAIT for entry, sit on my hands with no target and see where this flies IF IT BREAKS 1.13 historic resistance
Expecting price to slowly enter key support / resistance area of 1.10700 ~ 1.1000 area where MAs will meet again.
Everything seems to be stacked towards an uptrend for Aussie - copper and metal ore futures improving ( at a glance ), interest rate and inflation outlook IMPROVING ( subject to more confirmation after analysis of broader econ outside of mining ) and consumer sediment in the positive.
Versus diary futures and GDT depressed in currently highly leveraged NZ diary industry and further rate drops very likely going into June.
Harmonics traders can confirm / disagree.
Trade plan: WAIT for entry, sit on my hands with no target and see where this flies IF IT BREAKS 1.13 historic resistance
