The RBNZ rate hike and - to a lesser extent - the stronger than forecast Australian data triggered a rebound in the commodity-related currencies, notes Morgan Stanley. However, with the international risk environment - and especially developments in China - likely to weigh on AUD, and with the charts supportive of USD/CAD, the bank has used overnight AUD and CAD strength as fresh selling opportunities. MS sold AUD/USD at 0.9050 to target 0.86 with a protective stop up at 0.9150 and is long USD/CAD from 1.11, targeting 1.16 with a 1.10 stop-loss. USD/CAD now at 1.1075, AUD/USD at 0.9066.
Actionable trading levels delivered LIVE to YOUR charts
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
looking for your first broker or do you need of a new one? There are
more critical things to consider than you might have thought.
We were trading long before there were online brokers. Global-View
has been directly involved with the industry since its infancy. We've
seen everything and are up-to-data with recent regulatory changes.