800 Pips for the AUD/USD

At the end of this month, Nathan takes the time to look at the Monthly charts, including the 800 Pip bearish move on the AUD/USD:

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  • NathanTucci

    Thanks Pete, greatly appreciated!

  • NathanTucci

    Thanks!

  • NathanTucci

    Hi Paul, Yeah it should be very interesting. NFP on Friday does tend to keep things in check during the week, so I wouldn’t be too surprised if they just kinda sat on the levels where price is now, but at the same time the market has had nice movement lately. I would also not be surprised to see some money poured into the market earlier in the week and some of these pairs get going before Non farms on Friday. We’ll wait and see, but I do like the AUD long position right now.

  • Paul

    Thank you so much for the daily (monthly) analysis

    Very interesting to focus on the AUD, EUR & GBP being at potential reversal levels as Tuesday sees bank of AUD announcement, Thurs sees EUR central bank & bank of England announcements and of course on Friday its NFP.

    My usual expectation on NFP week is that the majors will ‘range’ until NFP is released at the end of the week. However, given the ‘levels’ you mention in the weekly time-frame and the expectation based on these, of some USD weakness, despite the obvious USD strength in May as well as the ‘bank’ announcements, perhaps we’ll see more action throughout the week? (I hope so, as I am already long AudUsd)

  • pete

    another great analysis Nathan ,cheers mate

  • gekkosleftboot

    thx for another great month of analysis hope you feel better soon mate.