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)
