I have now officially lost the call. Price below 0.7700. However, I am around 30 % up since call issued mainly thanks to gold on position trade and around 60 % on short term swings (much less balance). Simple rules like buy only above 80 and wait for signal, kept me away from losses.
I believe 8000 support is genuine and the fact that is failing, suggest there are some genuine pressures.
my theory is that banks and gold go opposite way. So, bank crisis on the way ? CBA.AX appraoching dreadfull 70.00 again. See if spraying of stimulus will be turned on one more time.
Low AUD really does not hurt resources, so I will not change anything. My AUDJPY TL is still there and will act if broken and above 8000.
I believe 8000 support is genuine and the fact that is failing, suggest there are some genuine pressures.
my theory is that banks and gold go opposite way. So, bank crisis on the way ? CBA.AX appraoching dreadfull 70.00 again. See if spraying of stimulus will be turned on one more time.
Low AUD really does not hurt resources, so I will not change anything. My AUDJPY TL is still there and will act if broken and above 8000.