06/06/2017
The trend is within expectations. AUD need to be exchanged into JPY before RBA statement today. Good luck!The target of AUD/JPY would be 82.95 only, 100 points to the open price. This is the weekly peak in the past. There are two ways of preparations for RBA interest rate statement subsequently: firstly, 100 points target bonus is not achieved, so if supportive bottoms are not broken, it still bids up as long main, and then the buying orders is gained and second selling orders is set up concurrentlyh at AT least 1.5% ascending to the open price; if it bids down to break the supportive bottoms, it is better to make decision after RBA statement. Holding AUD is fine even if it may bid as short main, which is not the actual lose. Good luck! Because selling price is higher than buying price for us at this time, so it is better to make decision after RBA rate statement. Our selling orders is above 20 points to the open price, so holding is fine waiting for rebound back on Friday if it bids as long main after RBA statement. This is to make sure of safety. There is seemingly struggles between long and short main when RBA rate statement is released. If long main is dominant underlying the supportive bottoms, 100 points would be the target bonus for long main. AUD is exchanged into JPY at approximately 82.93. However, the completion of buying orders is depended on the supportive peaks at the beginning of Wednesday. Good luck! It is over, but the first main stream of long main has not broken yet (in terms of 10 points below the open price). It is being observed until the beginning of Wednesday. Generally, for the cash trading, 1% tidy ascending would be the right price exchanging into JPY if there is no supportive points after Thursday of last week, which is 100 points would be the right price instead. If AUD is exchanged into USD, the bonus is more than 16% for cashing in this year. Is it a good time to buy USD? ;P I still prefer to hold AUD. It would keep bullishing until Thursday or Friday, and then it rebounds back to open price. Keeping observation patiently is the right choice ;P. Anxiety is not allowed for speculative traders, which is the right tension to face any Chaos. :@
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