Jiming Huang / Blog
Pivot (invalidation): 1.3060 Our preference Long positions above 1.3060 with targets at 1.3100 & 1.3120 in extension. Alternative scenario Below 1.3060 look for further downside with 1.3040 & 1.3020 as targets...
Pivot (invalidation): 0.9865 Our preference Long positions above 0.9865 with targets at 0.9895 & 0.9910 in extension. Alternative scenario Below 0.9865 look for further downside with 0.9855 & 0.9835 as targets...
Pivot (invalidation): 108.35 Our preference Short positions below 108.35 with targets at 108.05 & 107.80 in extension. Alternative scenario Above 108.35 look for further upside with 108.60 & 108.85 as targets...
Pivot (invalidation): 1.2430 Our preference Short positions below 1.2430 with targets at 1.2395 & 1.2370 in extension. Alternative scenario Above 1.2430 look for further upside with 1.2450 & 1.2470 as targets...
Pivot (invalidation): 1.1220 Our preference Short positions below 1.1220 with targets at 1.1200 & 1.1190 in extension. Alternative scenario Above 1.1220 look for further upside with 1.1240 & 1.1255 as targets...
Despite a rate cut from the RBA at the beginning of the month July, the Australian dollar reversed momentum following Jerome Powell testimony before the Congress. In fact, G10 commodity currencies outperformed their peers since then with the Kiwi, the Aussie and the NOK rising 1.83%, 1.46% and 1...
Pivot (invalidation): 59.90 Our preference Short positions below 59.90 with targets at 59.05 & 58.55 in extension. Alternative scenario Above 59.90 look for further upside with 60.45 & 60.90 as targets...
Pivot (invalidation): 15.2900 Our preference Long positions above 15.2900 with targets at 15.4200 & 15.4600 in extension...