Market Outlook and Analysis (Oct2019 Week1)
Currency Pair: AUDUSD
Fundamental Analysis – AUDUSD
The RBA is set to meet on Tuesday (1st Oct). The market is expecting a 77% chance of a 25bps rate cut for this meeting. The tricky part is that, in the past, we have seen the AUD rally after a rate cut, reason being that the market has already priced in the event of a rate cut.
Also, to note the all-important Non-Farm Payroll data coming from the US on Friday. Trade this pair next week with caution. Protect profits, if any, before the release of the news
Technical Analysis – AUDUSD
AUDUSD D1 Chart – Point C emerging at a good Buy Zone

There seems to be a Bearish Bat appearing on the Daily chart, however, it is a little too premature. Currently the pattern is still forming Point C which is close to a Buy Zone. With the important rate decision news pending, we could easily see the market turn to form Point C.
This gives an opportunity to trade the CD leg of the pattern.
AUDUSD H4 Chart – Potentially one more dip before the Rally?

I would be looking to the rate decision to be the catalyst for the pair to dip once more towards the Buy Zone. Hopefully creating a Bullish Divergence on the RSI to give us an added advantage
A Special Invitation to you
Hi Everyone,
Calling out to those of you who are based here in Singapore. We are running a 3-hr Workshop on the 10th October (7pm). Best suited for people who are open to explore Forex Trading, currently trading but still not getting the results your desire and for those who wants to make a difference in their Financial Goals.
Register HERE today, bring your friend whom you think will benefit from this session. Growing our Trading Community together.
September has been an amazing month for us, and expecting October to be even better.