- NAB Business Confidence: Tuesday, 1:30. Business Confidence has now posted two consecutive negative readings, with the indicator dipping to -3 points in July. Will the indicator bounce back in August?
- New Motor Vehicle Sales: Tuesday, 1:30. This consumer indicator shows a lot of volatility, making accurate market predictions a tricky task. The markets are hoping for an improvement from the July reading of -0.6%.
- Westpac Consumer Sentiment: Wednesday, 00:30. Consumer Sentiment jumped 3.7% in July, its best reading since February. Another strong reading this month would be bullish for the aussie.
- Wage Price Index: Wednesday, 1:30. The indicator showed a modest increase in Q1 of 0.9%. No change is expected in the Q2 release.
- MI Inflation Expectations: Thursday, 1:00. This indicator is useful for predicting actual inflation numbers. The indicator jumped 3.3% in July, its highest level since April.
- RBA Assistant Governor Guy Debelle Speaks: Thursday, 5:45. The markets will be looking for some clues as to future monetary policy when the Assistant Governor takes part in a panel discussion in Sydney.
Audusd Pullback monitored Updated
4hrs swinging Zigzag
Ok!! we did say we were going to track this baby and we even managed to get a few pips out of a short pull back up. However the 4th wave decline scenario is playing itself out as also planned earlier this week. Now we sit and wait and watch to see how next weeks price action will unfold around that 1.03745. Personally i know wave 4s are choppy and wild so be careful i expect a break above 1.0524 and hold will Confirm the case for a 5th wave rally but who knows. we do cause we will be watching the Market makers as the fight it out.
Zoom in Below
Peace Out
Good Pippin
15min Time frame with hourly Marking.
What I am suggesting
is another push up in Harmonic D 1.1618 only..
Which coincides with
our wave 3 bullish count on a higher time frame?
The idea is confirmed
if a break is established above 1.05001
Otherwise we may see
further decline down into wave 4 marked on the daily @ 1.0376
Not sure when this
will happen I’m working on with some friends of mine Price and time Projections
to help with accuracy so watch this space!!!
Ok!! we did say we were going to track this baby and we even managed to get a few pips out of a short pull back up. However the 4th wave decline scenario is playing itself out as also planned earlier this week. Now we sit and wait and watch to see how next weeks price action will unfold around that 1.03745. Personally i know wave 4s are choppy and wild so be careful i expect a break above 1.0524 and hold will Confirm the case for a 5th wave rally but who knows. we do cause we will be watching the Market makers as the fight it out.
Zoom in Below
Peace Out
Good Pippin
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