ridethepig | AUD Macro Map 2020

Lets get started...

On the macro side, RBA expected to cut once more in Feb to 0.5% and the rate cycle is already over. If data continues to improve and follow the solid unemployment prints we saw last week, then they will have missed the boat to cut once more as income tax cut later in the year. This will be enough to keep AUD in bid over 2020 and 2021 with a clean zig zag trading-wise.

A quick update to the Macro Chartbook:

AUDUSD Macro Chart...ridethepig


PBOC Floor via China arbitrage:

PBoC put a Floor in AUDUSD (Monthly)


On the USD side:

Dollar Focus


Expecting Weakness In Dollar Into Year End


Commodity currencies are equally sensitive to global risk sentiment flows. NZD coughed and struggled to take back 0.63x however with RBNZ Nov cuts overpriced and extended I like entering NZD$ longs at market with a 0.618x stop. The same flows are in play for AUD; looking for the 0.6725 support to hold with all eyes on the employment print. On the technical side for AUDUSD, we have traded many entries and additional loading opportunities live here on Tradingview. For those following the flows so far:

ridethepig | AUD Market Commentary 2019.12.17


The perfect timing for this one...


Rally set to continue in the New Year:

ridethepig | AUD Market Commentary 2019.11.21


ridethepig | AUD Market Commentary 2019.11.15


I will continue to update this thread over the coming Weeks, Months and Quarters so feel free to jump in with your idea generation and we can further the discussion for all.

Thanks for keeping the support coming with likes, comments and etc!
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