Jiming Huang / Blog
Pivot (invalidation): 1.3405 Our preference Long positions above 1.3405 with targets at 1.3465 & 1.3505 in extension. Alternative scenario Below 1.3405 look for further downside with 1.3370 & 1.3330 as targets...
Pivot (invalidation): 1.0025 Our preference Long positions above 1.0025 with targets at 1.0055 & 1.0070 in extension. Alternative scenario Below 1.0025 look for further downside with 0.9995 & 0.9975 as targets...
Pivot (invalidation): 111.80 Our preference Short positions below 111.80 with targets at 111.55 & 111.45 in extension. Alternative scenario Above 111.80 look for further upside with 111.90 & 112.00 as targets...
Pivot (invalidation): 1.3150 Our preference Long positions above 1.3150 with targets at 1.3200 & 1.3225 in extension. Alternative scenario Below 1.3150 look for further downside with 1.3130 & 1.3095 as targets...
Pivot (invalidation): 1.1290 Our preference Long positions above 1.1290 with targets at 1.1315 & 1.1325 in extension. Alternative scenario Below 1.1290 look for further downside with 1.1275 & 1.1260 as targets...
The AUD/USD pair hit a two-month low as the Australian economy grew by 2.30% in December 2018, its weakest pace since June 2017. Expectations of 2.80% were greatly missed, suggesting the Reserve Bank of Australia’s growth outlook of 3% in 2019 should be downgraded soon...
On Wednesday morning, the US dollar was better bid against most of its peers despite the Fed dovish U-turn. The greenback rose the most against the Australian dollar, with AUD/USD down 0.72% to $0.7030, amid disappointing growth figures for the fourth quarter (2.3%y/y versus 2.6% exp. and 2...
Pivot (invalidation): 56.75 Our preference Short positions below 56.75 with targets at 55.55 & 55.25 in extension. Alternative scenario Above 56.75 look for further upside with 57.20 & 57.55 as targets...
Pivot (invalidation): 15.1600 Our preference Short positions below 15.1600 with targets at 14.9800 & 14.9000 in extension. Alternative scenario Above 15.1600 look for further upside with 15.2700 & 15.3900 as targets...