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Chart of the Day -EURAUD- (Feb 20th 2019)
A breakout higher or lower out of this triangle will happen following the Australian employment data tonight.
Chart of the Day -AUDUSD- (Feb 18th 2019)
The AUDUSD has a bear flag setting up before some key economic events.
The dynamics of the USD, Gold and CNH
During the past few years there has been a good correlation between the Gold and CNH. The Chinese Yuan has been a good proxy for US Dollar relative performance and risk on / risk off flows. As the Dollar strengthens, USDCNH naturally rises and vice versa.
Chart of the Day -AUDJPY- (Feb 6th 2019)
The AUDJPY fell aggressively overnight to channel support following RBA Governor Lowe’s comments about the path of the next rate move would be.
Chart of the Day -AUDUSD- (Jan. 31th 2019)
Since the AUDUSD rallied from the late North American session selloff from a couple weeks back, the rally has stalled at the 200DMA.
Chart of the Day -AUDJPY- (Jan. 17th 2019)
The AUDJPY spiked past resistance and tagged the 61.8% key Fibonacci retracement and also the channel resistance.