4 Sept: Trend table outlook for FX, Commodities, Indices: FXCharts

It has been a quiet session in the absence of the US and a cautious tone is required on Tuesday. The Aud and Kiwi both look heavy in the medium term and I prefer to look for levels to sell both these against the US$. Elsewhere the currency markets look rather mixed, with little immediate direction although AudNzd may head a little higher after the RBE, later in Asia.

Stocks also look neutral right now but with the long term charts still looking constructive, buying dips is preferred.

By | September 4, 2018

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*Trade of the day: September 4, 2018 8:10 AM(AET)                      

*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.

Sell AudUsd @ 0.7270. SL @ 0.7310, TP @ 0.7215

Sell NzdUsd @ 0.6625. SL @ 0.6655, TP @ 0.6550

Range Trade: EurUsd: 1.1550/1.1650 (SL 30 points either side)

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