AUD/USD Daily Video, September 08, 2017

[Sive Morten]

Good morning,

Draghi speech has made solid impact on markets across the board and aussie is not at exception. As we have long-term setup here, let's make an update on it:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Brett Reynolds]

0.8160 is a nice long term 50% fibo. Interesting as it could coincide with Euro meeting 1.2150 long term 50% fibo too.!?

 

[Sive Morten]

0.8160 is a nice long term 50% fibo. Interesting as it could coincide with Euro meeting 1.2150 long term 50% fibo too.!?

Why not? Especially if rally will be driven mostly by dollar weakness. Although Germany elections on 24th of September could bring some new vector...